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Arrears Semi Annual Loan Contract Termination Additional Billing Entry When Using QUOTE_UNBILLED_RECEIVABLES (Doc ID 2810433.1)

Last updated on SEPTEMBER 28, 2021

Applies to:

Oracle Lease and Finance Management - Version 12.2.7 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.7 version, Asset Management

ACTUAL BEHAVIOR
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In Oracle Lease and Finance Management, Additional billing entry is created for arrears semi-annual loan contract when terminating an arrear contract in its last month.

EXPECTED BEHAVIOR
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The expected behavior is : only the credit memo to be generated for the last month and no additional billing entry should be created by termination process

STEPS
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The issue can be reproduced at will with the following steps:
1. Lease Super User > Create arrears loan contract with Contract End Date: 26-JUL-2021 and Last Instalment Date: 27-JUL-2021
2. Bill the last installment
3. Create Termination quote with Quote Effective From: 05-JUL-2021. Termination quote creates a new line for last installment and a credit memo for the same



Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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