Rule 15 Termination

PLM Termination - Batch

(Cards > PLM > PLM Lease > Termination)

Terminate Lease With Attached Expense Accruals

When accruals are attached the user must terminate the least at the end of one of the billing periods. It cannot be terminated in the middle of the billing period and prorate the billing and accrual amounts. If a user attempts to terminate the recognized period with the end date of that period, the lease will not be terminated.

The daily accrual amount is calculated by dividing the total contract amount by the number of days on the lease. The Total Amount on the PLM accrual page should match the Total Amount for all periods on the Charge Details page.

If the end date of the accrued period does not align to the end date of the accrual period (termination date), the last accrued amount is adjusted to the account for over or under accrued days.

For more details on reporting, refer to PLM Accrual Expense Report.

PLM Reverse Termination - Batch

(Cards > PLM > PLM Lease > Termination)

In reverse terminations, the Accrual lines are adjusted to their previous state as before termination.

If after the termination the prorated accrual line is Recognized, then on reverse termination we will add extra line for the that period to account for the remaining amount for that period. The sum of these two accrual lines will equal the amount on the Charge Details page.