IDC Calculations - LP vs ASPIRE
See the attached document for complete details.
The attached document Here is a quick rundown of the differences between IDC
calculations as they were handled in LP versus ASPIRE.
The ASPIRE v5 IDC items are configured to use the Effective Interest
Method which creates an amortization schedule of each IDC item and subtracts
the interest in that amort from the customer facing interest amount per period
to calculate the IDC accumulation per item.
The LeasePlus IDC
accumulation was previously configured in environments to accumulated expense
consistent with contract earnings. This essentially created a proration
percentage each month and applied it to the remaining IDC balance.
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