My Oracle Support Banner

How To Create A Debit Memo For Funding Type Fund Asset? (Doc ID 762776.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Lease and Finance Management - Version to [Release 11.5]
Information in this document applies to any platform.
Checked for relevance 28-Junr-2015


-- Problem Statement:
When attempting to create a Funding request with funding type Fund Asset and invoice type credit,
the following error occurs:

You are not allowed to select invoice type CREDIT if funding type is Fund Asset. Please select a
valid invoice type.

-- Steps To Reproduce:
The issue can be reproduced at will with the following steps:
Book a contract
Create a funding request for total asset cost and process it.
Rebook contract and reduce the asset cost.
Tab Origination / Funding / Funding.
Query contract. Click on create funding request.
Create a credit type funding request for funding type Fund Asset.
In field Funding type select Fund Asset.
In field Invoice type select Credit.
The error shows.

-- Business Impact:
The issue has the following business impact:
Lessor will buy a contract from vendor in currency X but sign a contract with Lessee in currency
Y. In OKL the contract is authored in currency Y. As the exchange rate floats, the asset cost
changes. As the funding request has been processed, need to create an credit type AP invoice for
funding Asset.


To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!

In this Document

This document is being delivered to you via Oracle Support's Rapid Visibility (RaV) process and therefore has not been subject to an independent technical review.
My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.