OLFM Non-Accrual Triggering From Unpaid Tax On AR Invoice
(Doc ID 2802872.1)
Last updated on AUGUST 27, 2021
Applies to:Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.
OLFM Non-Accrual Triggering from unpaid tax on AR invoice.
An internal audit uncovered that if the full invoiced stream amounts of "evaluated" streams are being fully paid, but the tax line per the related invoice is unpaid and the age of the invoice exceed the maximum number of days late (in our case 120 days), the associated contract will be placed on non-accrual when the OLFM generate accruals program is run. We believe that the tax line associated should not be triggering non accrual and should be omitted from "evaluation."
How to remove the tax line from accrual rule evaluation?
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