Lease account - Fiscal-Arrears (Interest earned): The Income Projection Is Starting After The First Payment Date . Should be from starting date of the contract (Doc ID 2941496.1)

Last updated on APRIL 12, 2023

Applies to:

Symptoms

ACTUAL BEHAVIOR
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Lease account - For Fiscal-Arrears, income projection(interest earned) is calculated from the first payment date. System should calculate arears (Interest earned) from the start date of the contract.


EXPECTED BEHAVIOR
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For the period 1-Jan to 31-Jan, system should post income projection on 31-Jan. 01-Feb to 28/29 Feb, it should post income projection on 28/29-Feb.

Example : 

Contract start date: 1-Jan-2016

First payment date: 1-Feb-2016

Billing Cycle : Monthly

Currently Income projection is starting from the 01-Feb-2016 instead of 1-Jan-2016. This is happening for all monthly billing cycles.

STEPS
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The issue can be reproduced at will with the following steps:

Select and active Lease account with arrears(Interest Earned)

Check the income projection for the lease account

System should calculate the income projection from the starting date of the contract

Changes

Cause

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