Late Charge Program Excludes Credit Memos When Transaction Date Outside Interest Tier Range
Last updated on AUGUST 16, 2017
Applies to:Oracle Receivables - Version: 12.1.3
Information in this document applies to any platform.
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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