Unbilled Streams before Termination Quote Effective from Date should be Billed on Termination (Doc ID 2304351.1)

Last updated on SEPTEMBER 05, 2017

Applies to:

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

Symptoms

On : 12.1.3 version, Lease Authoring

ACTUAL BEHAVIOR
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Find that unbilled streams before Termination Quote effective from date should be billed on termination but they do not.

EXPECTED BEHAVIOR
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Expect unbilled streams to be billed after termination quote is completed

STEPS
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The issue can be reproduced at will with the following steps:
1. Create a contract
2. Make sure payments are in Arrears and Payment Frequency monthly. Payment Print Lead days = 0.
3. Make sure Rent stream element date = Payment Period end date + 1 day. Eg: Payment period start date is 02, period end date is 01 and billing date is 02 day of every month
For instance today is 01-Mar-2017, contract effective from date is 02-Apr-2016 and payments start date is 02-Feb-2017, 02-Mar-2017....
4. Activate contract and run billing up to date.
5. Create termination quote with effective from date is equals to system date. Eg: 01-Mar-2017
6. Make sure system date equals to current payment period end date. Eg: 01-Mar-2017
7. On termination expecting system should generate invoice for 02-Mar-2017 but not generating.
8. Since invoice for 02-Mar-2017 is not generated Anticipated billing is also showing as 0.
9. Unbilled Receivables account is having balance of 02-Mar-2017 Unbilled invoice amount on contract termination.

Cause

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