ERE: Lease Term Escalation Payment Schedule Incorrect For First Payment Of New Escalation Period
(Doc ID 1911879.1)
Last updated on DECEMBER 26, 2023
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 |