E1: 15: Lease Accounting - Lease Liability Amortization Schedule Does Not Reflect Non-Monthly Billing Frequency Setup On Recurring Billing
(Doc ID 2472472.1)
Last updated on FEBRUARY 25, 2019
Applies to:JD Edwards EnterpriseOne Real Estate Management - Version 9.1 and later
Information in this document applies to any platform.
Enhancement Request for Lease Liability Amortization Schedule for Non-Monthly Payment Frequency
The amortization schedules for balance sheet lessee accounting currently split non-monthly payments up evenly so every month has the same payment amount. Recurring billing still processes the payments on the non-monthly frequency.
The request is to change the amortization schedules to use the non-monthly frequency for the payments and not spread it across every month. Interest would still be calculated every month.
Quarterly payment frequency in recurring billing = 5,000
1 - payment = 5,000
2 - payment = 0
3 - payment = 0
4 - payment = 5,000
5 - payment = 0
6 - payment = 0
Currently, the payment is 1,666.67 every month instead of the quarterly payment every 3rd month.
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