Financed Services - Multiple Required Per SGT
(Doc ID 2786854.1)
Last updated on JUNE 28, 2021
Applies to:Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.
Financed Services - multiple required per SGT.
After reading Financed Services (Doc ID 2679096.1), we began to configure the new streams and add them to a sample stream generation template. It was discovered that only a single Financed Service stream may be defined with the Rent stream type purpose. Thus, it is not allowed to create multiple uniquely named Financed Service streams per a single SGT. This restriction seems to be inconsistent with the intention.
Per the document, "Definition: Financed Service: Services or items that may be financed include insurance, maintenance, service, warranty, customer support agreements, upfront tax, sales tax, fixed asset tax, and consumption tax. These are seen by the lessor as additional charges that the customer will not pay upfront, and instead elect to set up as a financed service."
If only a single Financed Service Primary stream with a purpose of Rent may be defined, how is it possible to have unique accounting for each of the various financed items intended per the "definition." The only way to derive unique accounting consistently, is by doing so via unique streams assigned to either an accounting template and/or subledger accounting rules.
Please offer the prescribed method to derive unique accounting for the various types of financed services.
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