Finance Charges Not Calculating Correctly In R12.2.4

(Doc ID 2131205.1)

Last updated on NOVEMBER 14, 2017

Applies to:

Oracle U.S. Federal Financials - Version 12.2.4 and later
Information in this document applies to any platform.


The finance charges are not calculating correctly, i.e.,
When create an aged invoice that is more than 90 days over due (past the
due date), it should accrue finance charges of $60 but it only accrues $40.
$20 is supposed to accrue every 30 days after the due date but it did not
accrue $60, which is normal functionality in 11i.

Expect finance charges to calculate correct amounts

Using AR responsibility, submit Generate Late Charges




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