Late Charges are Not Calculated after Late Application Of Credit Memo (Doc ID 2044591.1)

Last updated on JULY 14, 2017

Applies to:

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

Goal

Late Charges are not getting calculated after Late Application Of Credit Memo.
Credit Memo is applied on the Invoice after the Due date.
 System calculating only for net Outstanding amount ,it does not consider the transactions which was late for certain days.

For e.g. an Invoice with Due Date 31- JAN for amount 10000
apply a CM for amount 2000 as on 15 Feb
Late Charges is getting calculated for the Over due amount of 8000 which is
the remaining amount.
But Since the CM is applied after 15 days Customer expects the Late Charge to
be calculated for 2000 for 15 days also

Generate Late charge program is ran Lates Charges are calculated for Only Outstanding amount .

Customer Profile has setting of  OverDue Invoices and Late Payments

 

Solution

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