Incorrect Proration For Annual Frequency Payment / Billing Terms and Proration Rule 365 Days / Year
(Doc ID 1667750.1)
Last updated on OCTOBER 26, 2020
Applies to:Oracle Property Manager - Version 12.1.3 and later
Information in this document applies to any platform.
When creating a lease using Frequency: Annually and Proration Rule: 365 Days / Year, the expectation is that the entire year will be calculated in the first period. This is not happening per the example below:
Actual Amount: 30000
Start Date: 27-MAR-14
End Date: 26-MAR-15
The generated cash items:
01-Mar-14 cash amount = 27863.01
01-Mar-15 cash amount = 2136.99
The expectation is that the invoice amount for Mar-14 should be 30000 and no items in Mar-15
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