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ELA: Interest Calculation Is Not Pro-rated Correctly For Mid-month Lease Payment (Doc ID 2821667.1)

Last updated on JUNE 17, 2022

Applies to:

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

Symptoms

A lease starting in the middle of the month gets the payment prorated. However, the interest amount is not getting prorated


The issue can be reproduced at will with the following steps:
1. Create a lease with beginning date of m/15/yyyy. (Navigation:  Lease Administration, Payable Leases, Create New Payable Lease)
2. Base rent has schedule on the 15th of the month. (Financial Terms tab, Add Lease Payments: Select Base Rent, Go)
3. View the payment schedule. (Select Schedule of 15th of each Month)

Please see attached replication steps which shows screen shots for creating a lease.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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