Termination not Creating Expected Credits

(Doc ID 2319543.1)

Last updated on OCTOBER 26, 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, Asset Management

ACTUAL BEHAVIOR
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A contract is Booked with payments in arrears, billing on the first of each month. The contract is terminated effective 01-Sep, and the 01-Sep and 01-Oct payments have already been invoiced. Credits are genereted only for the 01-Oct payment.

EXPECTED BEHAVIOR
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Since the contract is being terminated on 01-Sep, expect that the 01-Sep payment would also be credited.

STEPS
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The issue can be reproduced at will with the following steps:
1. Book a contract that bills Rent in arrears on the first day of the month.
2. Bill the contract for some periods.
3. Terminate the contract effective the first day of a month that has a payment that has been invoiced.
4. The payment dated on the quote effective date is not being credited.


Changes

 

Cause

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