Lease and Finance Management - EBS (MOSC)

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Security Deposit interest calculation

in Lease and Finance Management - EBS (MOSC) 1 commentAnswered

Hi,

We have a scenario in Security Deposit Type of lease wherein the business requires interest income to be calculated and an entry to be generated every month.

Wherein, the SD amount is 35,00,000 whose FV is 27,78,413.

The difference between the 2 amounts is 7,21,587 .

The difference amount is further divided into the number of months for the entire lease term, in this case the term is 3Years which is 36months. i.e 20,044.09 approx every month will be their interest income.

The SD payment will be a onetime payment.

In Oracle, for security deposit type of lease, we do not have interest entry generated.

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