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Lease Payment Reversal , ACC_TIP_IND Not Updating (Doc ID 2562409.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.5.0.0.0 and later
Information in this document applies to any platform.
ACC_TIP_IND value is not going back to “N” from “Y”, when Lease Payment Reversal is posted on the Lease account. It works fine in case of Loan.

Here is the scenario.

1. Created a new Lease, now ACC_TIP_IND value is “N”
2. Paid Off the Lease by making full outstanding amount payment, now ACC_TIP_IND value is “Y”
3. Reversed the payment, now ACC_TIP_IND value is “Y”, which is not correct, should go back to “N”, it works fine in case of Loan, after reversal of payment, the value in , goes to “N”.
TIP condition will not be posted on ACTIVE account.

Goal

TIP Condition processing on Accounts.
 

Solution

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In this Document
Goal
Solution


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