Financed Fees are not Following the Stream Generation Template Configuration for Internal Arrears Payments
(Doc ID 2614552.1)
Last updated on FEBRUARY 08, 2021
Applies to:Oracle Lease and Finance Management - Version 12.2.4 and later
Information in this document applies to any platform.
On : 12.2.4 version, Generate Streams
When pricing a contract with all payments in Arrears and the Stream Generation Template defined to used Internal pricing and Internal Arrears Payments set to First Day of Next Period, the payments for a Financed Fees are being generated using the last day of the period.
Expect that if the Stream Generation Template is defined to use First Day of Next Period that would be used for all payments.
The issue can be reproduced at will with the following steps:
1. Book a contract with a Product associated to a Stream Generation Template that has:
a. Booking Pricing Engine: Internal
b. Internal Arrears Payments: First Day of Next Period
2. Set Upfront Tax to be Financed for the contract.
Issue can also be reproduced with a manually added Finance Fee.
3. After Upfront Tax is calculated enter a Payment for that in Arrears.
Make sure all Payments on the contract are in Arrears.
4. Price the contract. Stream Element Dates for the Financed Fee will show
the last day of the period while dates for Rent payments will show the first.
5. Book and bill the contract to generate invoices. Rent invoices will be generated
with a date that is the first in the next period while the Financed Fee payments
will be dated on the last day of the period.
The issue has the following business impact:
Due to this issue, users cannot generate an invoice on the same date for all payments on the contract.
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