ELA: Lease Interest Is Zero for the First Advance Payment in Every Financial Term
(Doc ID 2466569.1)
Last updated on SEPTEMBER 01, 2020
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Interest for a lease shows as zero on the preview payment schedule page.
The issue can be replicated with the following Steps:
1. Create a finance lease in old standards
2. Enter first base rent in payment group 1 with advance payment type
3. Enter second base rent in payment group 2 with advance payment type
4. Review the preview payment schedule page.
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