ERE: Lease Term Escalation Payment Schedule Incorrect For First Payment Of New Escalation Period
Last updated on APRIL 12, 2018
Applies to:PeopleSoft Enterprise FIN Lease Administration - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
In release 9.1 bundle #23, production, after activating a lease, the first payment amount for each escalation period in the schedule is incorrect.
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
Total escalation amount should be added to the base amount.
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.
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