Receipts Workbench: Default Receipt Application Date is not Configurable
Last updated on NOVEMBER 30, 2016
Applies to:Oracle Receivables - Version 126.96.36.199 to 12.1.3 [Release 11.5.10 to 12.1]
Information in this document applies to any platform.
When a Receipt is applied to an Invoice, the Apply Date defaults to SysDate.
You must manually override the Apply Date to equal the Receipt Date (or later of the Receipt date or of the transaction date).
You need this date to not default to sysdate, because it impacts Days Late calculations and on the collections effectiveness.
The default Apply Date should always be the later of the Receipt Date or the TRX_DATE of the Invoice which the payment is being applied.
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