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Interest to be Calculated on Monthly Basis for Quarterly, Half Year, and Annual Leases (Doc ID 2584371.1)

Last updated on APRIL 12, 2022

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.19.04.0 and later
Information in this document applies to any platform.

Symptoms

When creating a lease with a payment frequency that is not monthly, the system calculates the interest according to the defined payment frequency.
For example, if the payment frequency is Annually, the system calculates the interest annually.

You need the interest to be calculated on a monthly basis.

Cause

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In this Document
Symptoms
Cause
Solution
References


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