ELA: Lease with Base Rent and Prepaid Rent Posts Duplicate Depreciation in PDP Accounting Entry
(Doc ID 2645900.1)
Last updated on OCTOBER 11, 2021
Applies to:PeopleSoft Enterprise FIN Lease Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Base Rent and Prepaid Rent Lease with duplicate amount in PDP journal entry
The the PDP journal entry includes an extra month’s amount. Looks like PDP entry is accidentally including the DPR amount which accounts for the extra month.
PDP entry should not include the DPR amount which accounts for the extra month.
Here are the criteria that create this problem and please note that it can be re-created at will:
1. Lease start date must be at least one month before the current date
a. Error replicated many times with lease start dates back dated 1, 4, 5 or 6 months. The error occurs every time.
2. In addition to Base Rent, the lease must include pre-paid rent. In fact this error only occurs when pre-paid rent is included.
a. Leases without pre-paid rent do not produce this error.
b. Leases with Initial Direct Costs or Lease Incentives do not produce this error
c. Only leases with Base Rent and pre-paid rent have this error
See replication steps here.
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