ELA9.2: Incorrect Lease Payment & Initial Direct Cost Amounts After Activating A Lease With Base Rent Having 'Advance' Payment Type (Doc ID 2551291.1)

Last updated on JANUARY 25, 2021

Applies to:

Symptoms

Issue:
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For operating lease created with advance payment type & quarterly schedule, Lease Payment & Initial Direct Cost amounts show incorrectly after activating lease.


Steps to Replicate:
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1. Create operating lease with commencement on 01/01/2019, termination on 03/31/2019, Lease signed on 01/01/2019
2. Enter base rent details: payment type advance, any amount, schedule '1st of every quarter', terms calendar 'Quarterly'
3. Add an equipment with profile 'Operating lease'
4. Allocate cost as initial direct costs & other
5. Override asset classification to 'Operating' & save.
6. Note the amounts shown for Lease Payment & Initial direct cost on 'General Information' page.
7. Activate lease
8. Check amounts shown for Lease Payment & Initial direct cost on 'General Information' page.

Please check replication steps for more details.


Actual Behavior:
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Amounts shown for Lease Payment & Initial direct cost on 'General Information' page have been revised & show incorrect amounts after activating lease.

Expected Behavior:
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Amounts shown for Lease Payment & Initial direct cost on 'General Information' page should not change after activating lease.

Changes

Cause

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