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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.


On : 12.2.9 version, Lease Authoring

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.

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

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.




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