How to Use the 'Initial Balance Upload' Program to Record Contract Account Balances for Use with Contract Trial Balance in OLFM (Doc ID 856129.1)

Last updated on AUGUST 21, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.
Checked for relevance on 29-Nov-13

Information in this document applies to any platform.

Goal

Importing contract level account balances on converted contracts in Oracle Lease and Finance Management

Business Need

Lessors convert their portfolio of contracts to manage existing leases and loans through Oracle Lease and Finance Management. To review and reconcile the contract level account balances users may leverage on the Contract Trial Balance feature.

Contract Trial Balance stores accounting balances for each account by contract. These balances are generated for transactions created in OLFM, however, the balances for transactions on the contract before conversion need to be recorded. Without the initial balances, the contract to date balances shall be incorrect.

Solution

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