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Question

Lease Accounting Periodical Proposal with 0 amount

  • May 6, 2026
  • 1 reply
  • 5 views

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The interest amount generated by IFS for period 4 2026 is 0, as shown below:

The base interest is 13 915, 14 - and for other contracts this amount is also the Periodical Interest Amount and not 0 as in this case. The proposal refers to Installment number 87, and here the interest rate is 13 915,14. 

 

 Why does IFS post 0,00 in amount to GL?  Normaylle IFS will never post 0 amount? 

 

1 reply

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  • Author
  • Do Gooder (Customer)
  • May 8, 2026

I have found the answer - with help from Chat GPT  :) The problem is that IFS randomly uses the wrong installment number on the interest proposal. In this case the installment number 87 was used by IFS on the previous interest proposal, althoug it should have been 86. IFS then thought in this case (with installment 87 correctly used this time) that the interest was already calculated, and returned  0 amount. 

I will report this as a bug to IFS, maybe there is a patch for this. We use APP10 update 27.