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ERE: Lease Term Escalation Payment Schedule Incorrect For First Payment Of New Escalation Period (Doc ID 1911879.1)

Last updated on FEBRUARY 11, 2019

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

After activating a lease, the first payment amount for each escalation period in the schedule is incorrect.

Business Impact:
Inaccurate lease payments are generated.

Steps to replicate:
Activate the Lease (since we require approval), from the Real Estate Management -> Lease Administration -> Payables Lease -> Maintain Lease component, Action: Manage Amendments -> Go, Activate

Expected results:
Total escalation amount should be added to the base amount.

Actual Results:
It is using the total escalation amount (esc_amt) and adding it to the previous escalation payment rather than adding it to the base amount.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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