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Provide Ability to Bill Adjustments rather than Credit and Re-bill of Insurance after Rebook (Doc ID 2904053.1)

Last updated on OCTOBER 19, 2022

Applies to:

Oracle Lease and Finance Management - Version 12.2.9 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.9 version, Lease Authoring

ACTUAL BEHAVIOR
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Provide ability to bill adjustments rather than credit and re-bill of Insurance after Rebook.
Current Functionality is crediting all the billed insurance receivables and re-billing all after the rebook of change in the cost.

EXPECTED BEHAVIOR
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Expectation is to create adjustments(Positive or Negative) as part of rebook just like change in Rent.

STEPS
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The issue can be reproduced at will with the following steps:
1. Using lease super user responsibility, book a contract with Insurance. Start date : 17-Jan-2022.
2. Run Automatic Insurance. Assume Premium is $5 Bill contract up to today's Date (17-Sep-2022). Pay all the billed receivables.
3. Revise the contract with Revision Date = Start Date of the contract.
4. Increase Asset Cost from $5000 to $6000. Assume Insurance Premium for increase asset cost is $6.
5. Complete Rebook.
6. Run Billing.
7. Rebook Process is crediting 9 months of Insurance for $45 and re-billing 9 month of insurance for $6 a month on the day of rebook and sending of 9 bills.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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