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How To Generate The Interest Invoice Only For A Specific Transaction? (Doc ID 2885660.1)

Last updated on JULY 27, 2022

Applies to:

Oracle Fusion Receivables Cloud Service - Version and later
Information in this document applies to any platform.


There is a requirement to generate the interest invoice on the invoice outstanding of the customer not on the customer overall balance outstanding.
Scenario is like:
- Generate the invoice on 1 Jan 22 to customer with 30 days payment terms with interest rate is at the time of generating invoice kibour rate + 2% e.g 12+2 = 14%.
- New invoice to customer on 1 Feb, 22 with 30 days payment terms and interest rate 16%.
- Generate the interest invoice(late charges invoice) after 150 days of the invoice if any amount is due on that invoice.

Is it possible in the AR functionality to generate that late charges invoice with outstanding on that specific invoice not on overall balance outstanding of the customer with interest rate when the invoice is generated?


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