IV96297: Payment schedule changes accounting type from AR to AP


Our customer needs to understand: When creating payment schedules, why are the payment line items (PLI) tagged with an account type of Accounts Payable (AP) while the lease is tagged as Accounts Receivable (AR)?

Review the lease, and open a payment schedule. Note that the accounting type was changed to Accounts Payable (AP). As soon as you save the payment schedule with Accounts Receivable (AR), it also changed back to Accounts Payable (AP).

Moving forward, we fixed an issue with the “Generate Payment Schedule”, where the system changes the accounting type of Accounts Receivable (AR) to Accounts Payable (AP). When the payment type is “Incentive”, then the system automatically changes it to Accounts Receivable (AR).

[Admin: To see other related posts, use the Payments tag.]

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