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
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.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a Million Knowledge Articles and hundreds of Community platforms