ERE: English Quarter Schedule - Prorations And Escalations, note that proration will not be performed for this financial term (18157,201)
Last updated on NOVEMBER 13, 2017
Applies to:PeopleSoft Enterprise FIN Lease Administration - Version 9.2 and later
Information in this document applies to any platform.
When using the English Quarter Schedule, the system does not prorate (receive information message that this is due to it being a user defined schedule), and escalations do not carry over to the transaction.
warning - Please note that proration will not be performed for this financial term (18157,201)
The schedule you have selected is User Defined and therefore 360/365 days proration cannot be performed
The issue can be reproduced at will with the following steps:
1. Setup the Detail Calendar
2. Setup Schedules
3. Create a Lease with this new calendar
4. Activate the Lease and run the transaction Generator to view the payments.
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