When Using Interest Calculation Period "Monthly", Days Of Interest Exceed Days Late In The Late Charges Report

(Doc ID 1297750.1)

Last updated on JUNE 20, 2016

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.
ARCALATM
ARLCRPT

Goal

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.


Solution

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