R12: Incorrect Proration for Annual Frequency Payment / Billing Terms (Doc ID 1964750.1)

Last updated on AUGUST 31, 2018

Applies to:

Symptoms

ACTUAL BEHAVIOR
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 Incorrect proration happening for annual frequency payment/billing terms.

EXPECTED BEHAVIOR
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  Expect the cash item to have the same annual amount as the billing term

STEPS
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The issue can be reproduced at will with the following steps:
1. Create lease with annual frequency and start date not the first day of the month
2. Finalize the lease
3. In the Authorize Billings screen, the cash amount is not the same as the billing term amount.

Example:

Frequency = Annually

Start date = 16-Dec-2014
end date = 15-Dec-2015
Actual amount = 344000
schedule day = 16

 Actual amount in payment schedules = 329863.01

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, lease cash item is wrong.

Cause

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