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ELA: Interest Is Calculated As 0 For The First Advance Payment In Every Financial Term (Doc ID 2624240.1)

Last updated on JANUARY 02, 2020

Applies to:

PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Interest calculated on the Advance payment terms are wrong.


Replication 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. Click on preview payment schedule
  5. Note that the interest on the first schedule is zero, which is wrong.

 

Cause

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In this Document
Symptoms
Cause
Solution
References


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