Question & Answer
Question
When we Expire or Terminate a lease we have the option to “Void Payments After Termination Date” (or Void Payments after Expiration Data) and those PLI’s keep their value ($) but receive a status = VOID. What is the purpose of this functionality? It seems like bad accounting to zero out a Payment Line Item that has been paid.
Answer
The answer is that this field was added to the TRIRIGA solution in response to specific data-repair needs. It is a system-wide setting and does not have a business purpose if you are running standard operations.
It was used to temporarily zero out paid Payment Line Items, but in normal business operations, a paid Payment Line Item has been paid, money has been spent, and the amounts on a paid Payment line Item should not be zeroed out.
An enhancement request has been raised to request this field be moved to the System tab of the System Setup Form, to further hide it from use.
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Document Information
Modified date:
25 May 2022
UID
swg21998960