How to Prevent the Loans First Installment from Billing in Future?
Last updated on FEBRUARY 23, 2015
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
When creating a loan with the Payment Start Date = 20-JAN-2014, how is it possible to keep the first installment from billing, besides using the disable billing flag for the Loan?
If a loan is created today, 21-MAR-2013, and set the Payment Start Date = 20-JAN-2014, the first installment will bill, with a gl-date of today, and Transaction date of 2014.
This is creating an open invoice on the customer account, when it's not due until 2014.
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