Late Charge Program Excludes Credit Memos When Transaction Date Outside Interest Tier Range
(Doc ID 1347235.1)
Last updated on FEBRUARY 22, 2019
Applies to:Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
Late charge program does not consider credit memos when their transaction date does fall into interest tier range.
For example, running late charges program with date 01-Jul-2011 and setup and data as shown below:
Charge Schedule/Interest Tier setup
Schedule type: Percentage
Tiers: > 90 Days
On-account credit memos
-Credit memo A, transaction date 01-Mar-2011 ==> 122 days from transaction date to late charge date, falls into tier range
-Credit memo B, transaction date 01-Jun-2011 ==> 30 days from transaction date to late charge date, DOES NOT fall into tier range
***Only credit memo A will be selected in the late charge batch calculation.
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