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Asset Lease Interest Is Zero When the Lease Start Date and First Interest Due Date Are the Same

in Assets

Summary

In Oracle Fusion Assets Asset Lease, interest for the commencement period is zero when the Lease Start Date and the first Interest Due Date are the same day.

Environment

Oracle Fusion Cloud Assets in a non-production implementation environment. The exact quarterly release was not recorded in the related support request.

Test Conditions

  • Lease Classification: Finance
  • Lease Start Date: 31-Aug-2025
  • Payment Frequency: Monthly
  • Payment Option: In Arrears
  • Interest Rate: 10%
  • First Payment Date: 31-Aug-2025
  • First Interest Due Date: 31-Aug-2025
  • Subsequent payments are monthly.

Steps to Reproduce

  1. Create and activate an Asset Lease using the conditions above.
  2. Generate the lease schedule.
  3. Run Calculate Lease Interest and Expense for Aug-2025.
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