Lease and Finance Management - EBS (MOSC)

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Re-booking a arrears contract to change payment

edited Nov 9, 2015 10:04AM in Lease and Finance Management - EBS (MOSC) 1 commentAnswered

When we rebook a contract with an arrears payment schedule I am seeing that the adjusted amount is billed on the rebook date instead of the scheduled date. For Example if we have the below schedule

6

10,150.00

2-Jul-15

1

474,150.00

2-Jan-16

If I rebook the contract on 27th Oct and adjust 2nd Oct payment to 20150 as below

Periods

Amount

start date

3

10,150.00

2-Jul-15

1

20,150.00

2-Oct-12

2

10,150.00

2-Nov-15

1

474,150.00

2-Jan-16

  System is create a new AR invoice due on 27th Oct instead of 2nd Nov. is this expected system behavior. We want the updates to schedule to bill on scheduled date.


Regards

Geeta

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