Rent Increase Total Cash is Incorrect When Creating Backbill Terms
Last updated on JULY 17, 2017
Applies to:Oracle Property Manager - Version 12.1 and later
Information in this document applies to any platform.
When creating a lease and populating the 'Schedule Year Start Date' field, using proration rule: Days / Month. When creating a Rent Increase agreement that calculates a backbill, the total cash on the calculated terms are incorrect.
When creating the exact same lease terms, etc:
One lease that creates a backbill:
Lease ID 3161 - Lease based on 21-May-07 to 20-May-17
One lease in the future that does not create a backbill:
Lease ID 3159 - Lease based on 21-May-16 to 20-May-26
The total cash amounts are different:
Lease 3159 has a total lease value of 11,462,733.16
Lease 3161 has a total lease value of 11,462,255.00
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