Missing Accrual Entry Created for some of the Leases When an Amendment is done to Extend Lease Termination Date.
(Doc ID 2763457.1)
Last updated on MARCH 25, 2021
Applies to:
Oracle Property Manager - Version 12.1 and laterInformation in this document applies to any platform.
Symptoms
ACTUAL BEHAVIOR
When an amendment is done on a lease changing the termination date and running the Accruals for the period, Missing Accrual line is created for a past period with small amount. Eg Amendment is done in current open period OCT-20. Accrual is created for MAR-20 with a small amount in addition to OCT-20 accruals.
EXPECTED BEHAVIOR
Since MAR-20 accruals has already been created, there should not be any accruals for the past period.
STEPS
The issue can be reproduced at will with the following steps:
1/ For a existing lease for which a rate change has occurred in the past , add new payment term with Inception Flag set to no and change commencement date as Mar-20 for the payment term in APR-20.
PN : Lease and Documents > Main Lease > Enter Lease and Document.
Query the lease for which the terms need to be added
Amend (B) > Amend Terms to add a new term
2/ Continue running accruals each month
Other > Request > Run > Transfer Normalized Lines to GL
3/ In OCT-20 Amend the lease to change the termination date from 30-JUN-22 to 30-JUN-25
PN : Lease and Documents > Main Lease > Enter Lease and Document.
Query the lease to extend the termination date
Amend (B) > Amend Leases to extend the termination date
4/ Run accruals for OCT-20 and see accruals for MAR-20 with small amount is created as well in addition to OCT-20 accruals
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |