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The Asset Leasing module is not able to account for partial months. Not all leases start at the beginning or end of the month. As a result, business either has to modify the lease schedule to reflect what the module is capable of handling.
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We have the same issue here, as the banks may calculate the 1st period interest only for the remaining days of the month, when the contracts start from the middle of the month.
It is hard to find a walkaround for this. Appreciate if someone can also share some ideas on how to handle this discrepancy.
Category: Asset Leasing