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The Understanding of the Amortization Schedule for Advance Lease Payments (Doc ID 2714365.1)

Last updated on JUNE 14, 2023

Applies to:

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


Wrong Lease Liability is shown in Lease Amortization Schedule.

We have a Lease Terms of 25 months, Payment is advance. Lease Starting from Jan-19 and Advance Payment is 10,000. For Remaining Payments made in advance from Feb-19 to Jan-20 amount to 11,000 and Feb-20 to Jan-21 amount to 12,100. Interest Rate is 12.86 Percent.

Currently we are in Jun-20 Period. System is showing Lease Liability of 80,952 but Lease Schedule generated from system shows 69,952.


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