Late Charges Are Not Being Calculated Correctly
(Doc ID 2059589.1)
Last updated on MAY 07, 2019
Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
When running Late charges are not being calculated correctly
The late charge program is calculating the Overdue amount as
= (Original Amt - Payments - Manual Adjustments)
We don't have Interest on Interest setup so Overdue Amount should be
= (Original Amt - Payments)
Steps to Reproduce:
Responsibility: Receivables Manager
Navigation: Generate Late Charges
- Review Output
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