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When Using Interest Calculation Period "Monthly", Days Of Interest Exceed Days Late In The Late Charges Report (Doc ID 1297750.1)

Last updated on DECEMBER 04, 2019

Applies to:

Oracle Receivables - Version 12.0.0 to 12.1.3 [Release 12.0 to 12.1]
Information in this document applies to any platform.


When defining late charges setup with interest calculation formula "Simple" and interest calculation period "Monthly", days of interest exceed days late in the Late Charge report. The interest charge appears to be overstated.


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