Asset Lease shift the first interest lease calculation to the next payment period — Cloud Customer Connect
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Asset Lease shift the first interest lease calculation to the next payment period

edited Apr 16, 2025 3:11PM in Assets 1 comment

I created a leased asset with a quarterly payment frequency and selected the "Payment Option: In Arrears". The lease starts on January 1, 2025, and the "Calculate Monthly Accrued Interest" option was enabled.

After reviewing the amortization schedule, I noticed that although the calculations were technically correct, the interest only began accruing after the first payment period (Jan–Mar), starting instead in April 2025. This is not the expected behavior.

When I switched to the "Payment Option: In Advance," the first lease payment was scheduled for the following period (April 2025), which also resulted in an incorrect calculation.

This is a comparison between the actual and the system calculation

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