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Late Charges Are Incorrectly Calculated In-Between Monthly Runs when Payment is Applied and Un-Applied (Doc ID 1670558.1)

Last updated on JUNE 20, 2016

Applies to:

Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

When a payment is applied and un-applied, in-between monthly executions of the Late Charges Process, the principal amount used for interest is incorrect.  This causes the late charges to be incorrect.

Even though a payment is un-applied, it still remains on-account and should reduce the principal amount remaining due.  However, when Late Charges are calculated, the principal amount remaining due is not reduced by the unapplied/on-account payment, and thus generates incorrect Late Charges.

Changes

Upgrade to R12.

Cause

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In this Document
Symptoms
Changes
Cause
Solution
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps
 Still Have Questions?
References

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