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ELA:LEX RE Three Times the Straightline Amount with Recognize Monthly Expense On (Doc ID 2480539.1)

Last updated on FEBRUARY 27, 2019

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

On : 9.2 version 29, Lease Administration


ACTUAL BEHAVIOR
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The Rent Expense Accounting Entries Amount is three times the amount generated by the straightline schedule.

EXPECTED BEHAVIOR
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The rent expense amount should match the amount in the straightline schedule.

STEPS
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The issue can be reproduced at will with the following steps:
1. Create a yearly lease from 01/01/2019 till 12/31/2021 with multiple payment terms and activate it.
2. Keep Recognize monthly expense checked
3. Payment group 3 has multiple rents
4. Execute the Generate Straightline Schedule process.
5. Execute the Calculate Depreciation process
6. Execute the Create Accounting Entries process
7. Execute the Depreciation Close process.

Replication Steps

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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