1. Lease Collection User Guide
  2. Appendix : Transaction Parameters
  3. Monetary Transactions
  4. Lease Rental/Damage Fee Adjustments

A.1.31 Lease Rental/Damage Fee Adjustments

After calculating the lease rental fee if there are any rental adjustments or charge which needs to be posted to the account balances (Contract setup > Balances sub tab), you can post the following types of lease monetary transactions.
  • ADJUSTMENT TO RENTAL CHARGE - ADD
  • ADJUSTMENT TO RENTAL CHARGE - SUBTRACT
  • ADJUSTMENT TO DAMAGE CHARGE - ADD
  • ADJUSTMENT TO DAMAGE CHARGE - SUBTRACT

Table A-52 To post the above transactions

Transaction Parameters
ADJUSTMENT TO RENTAL/DAMAGE CHARGE - ADD/SUBTRACT TXN DATE
AMOUNT (amount that needs to be updated)
COMMENT

For more information on how OFSLL handles Rental calculation and billing, refer to Rental Agreement section in Origination User Guide.

Parent topic: Monetary Transactions