My Oracle Support Banner

Post Bill Discounting Interest Income Not Accrued By System During Bill Closure (Doc ID 2831323.1)

Last updated on DECEMBER 31, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.6 and later
Information in this document applies to any platform.

Symptoms

On : 11.6 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
System has not posted remaining accrual for discounted accrual at the time of closure of the bill

EXPECTED BEHAVIOR
-----------------------
1) Accrual should fire on Bill Liquidation/closure.
 Or
2) Contract should restrict the user to close bill until total interest is collected.(If Accrual is scheduled to fire on month end).

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1) Bill Initiated on 10th March
2) Bill got discounted on 19th mar and Interest got calculated for 19 mar to 23 Apr period.
3) Accrual got fired for period :19th Mar to 1st Apr on 31 Mar.
4) Bill got liquidated on 26th Apr and closed on 28th.
5) But Accrual has not fired for the remaining days in Apr month.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, bank accrual GL books are unbalanced

Changes

 

Cause

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
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.