1. Lease Origination User Guide
  2. Scenario Analysis
  3. Viewing Information from Scenario Analysis
  4. Rental Calculator

11.2.3 Rental Calculator

If you are working on Rental based lease type of contract, you can use the Rental Calculator tab to simulate rental billing calculation based on defined cycle. This tab is enabled if you have selected Rental / Usage Rental type of product in Scenario Analysis section.

To calculate rental / usage rental
  1. Click Origination > Origination > Scenario Analysis > Rental Calculator sub tab.
  2. Populate all the required details below and click Initialize.
    A brief description of the fields is given below:

    Table 11-5 Rental Calculator

    Field Do this
    Calc Method Select the calculation method to be used from the drop-down list. System supports only interest rate type of lease calculation method.
    Rental Start Dt Select the rental start date from adjoining calendar.
    First Pmt Dt Select the first payment date from the adjoining calendar.
    Rental End Dt View the contract end date.
    Term View the total number of cycle defined in the contract.
    Rent Amt Per Cycle View the rental amount defined for each cycle.
    Total of Pmts View the total of payments for entire term.
    Calculator Options
    Rent Collection Method View the rent collection method applicable.
    Billing Cycle View the defined billing cycle.
    Excess Rent Collection Method Select the type of method to be used to for excess rent collection (Usage / Rental Matrix) from drop-down list.

Parent topic: Viewing Information from Scenario Analysis