Property Manager - EBS (MOSC)

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Incorrect Calculation of rent

edited Mar 1, 2016 1:15PM in Property Manager - EBS (MOSC) 2 commentsAnswered ✓

Dear all,

When creating lease using Frequency: Monthly and Proration Rule: 365 Days / Year. The expectation is that the 23 days rent will be calculated in the first period. This is not happening per the example below:

Actual Amount: 1066347.07

Frequency: Monthly

Start Date: 08-NOV-2013

End Date: 24-JUL-2023


Correct calculation

(1,066,347.07 / 30) * 23  = 817532.75


But system Calculation amount is 806,333.67


Thanks

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