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Lease Reassessment Error:The current period is not the start of the lease quarter/half-year/annual year. (Doc ID 2792632.1)

Last updated on JULY 17, 2021

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.21.01.0 and later
Information in this document applies to any platform.

Goal

It seems that a lot of contracts in which we have include the flag "Calculate Monthly Accrued Interest" cannot be modified. We cannot make any reassessment on those contracts because it has the status "Error".
For example: IT_005.

The contract has a lease start date 1/1/2019 however the 1st periodic payment is in February. That means that May (current open period) is the 1st month of the quarter. Thus, we should be able to make adjustments.

Please let us know what is the reason behind that?
 

Solution

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In this Document
Goal
Solution


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