Late Charges: Incorrect Interest Days Calculated When Invoice Due Date Falls In The Middle of The Month
(Doc ID 1630668.1)
Last updated on JULY 10, 2020
Oracle Receivables - Version 12.1.3 and later Information in this document applies to any platform.
The Late Charges program calculates incorrect interest days when the Invoice Due Date falls in middle of the month.
If the Invoice Due Date is in middle of the month, such as 15th June, and the Late Charge Generation is run on 30th June (last day of the month), the interest days shows as 29 days, instead of 30 days. Due to this, there is an incorrect charge calculated.
You need to calculate interest on period basis i.e Monthly.
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