Last updated on JUNE 20, 2016
Applies to:Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Transactions Related
Late Charges are applied incorrectly, for an invoice, when the invoice has a manual adjustments applied from previous years prior to the application (i.e. 2005), allowing the use of application rule sets for finance charge calculations.
The application should consider the manual adjustment amounts, so that the principal amount of the invoice is reduced by the manual adjustment amount.
Steps to Reproduce:
Navigation: Transactions > Transactions
1. Query a Transaction created in prior years (i.e. 2005)
2. A manual Adjustment is applied (also the year 2005), thus reducing the principal of the receivable amount due.
3. Late Charges are calculated in R12, and the adjustment is not considered when calculating the late charges.
Due to this issue the Late Charge Process is generating the wrong Late Charge Amount for customer transactions.
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