Credit Memos Are Not Created for Partially Consumed Periods in a Mid-Month Termination (Doc ID 2239337.1)

Last updated on MARCH 01, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

When a contract is terminated with an effective date that is in the middle of a month that has been invoiced credit memos are not generated for the partial month that was not consumed. Instead only full periods are not consumed are credited. How can we configure Lease and Finance Management to generate partial period credits for these partially consumed periods?
 

Solution

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