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Lease Payment Calculation Adjustment (Doc ID 2629876.1)

Last updated on JULY 21, 2020

Applies to:

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

Goal

The lease payment schedule and amount are calculated based on lease start/end date and Payment Frequency. The beginning and ending payment are prorated on 365 days. For example, $500 per month payment over 3 years should total $18,000 but the system calculates $18,016.67. How to adjust the calculated amount so the total adds to $18000?
 

Solution

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In this Document
Goal
Solution


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