Fixed Assets - EBS (MOSC)

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Rent Calculation

edited Mar 4, 2013 10:16AM in Fixed Assets - EBS (MOSC) 1 commentAnswered
Hi,

Please share idea on how to calculate rents if billing cycle is from middle of month till middle of next month.

Scenario: Lease starts from 16-Jan-13, monthly payment term and amount of 1000. Billing cycles to be generated as below:

16-Jan to 15-Feb    1000

16-Feb to 15-Mar    1000

16-Mar to 15-Apr    1000

Currently system caluclates for partial month of January(16-Jan to 31-Jan) according to the proration rule and then month wise calculation(Feb, Mar,..)

Thanks,

Vikram

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