Last updated on AUGUST 25, 2017
Applies to:Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
Late Charges program Keeps Calculating and Generating Invoices until AR invoices is Open.
You are using Late Charges functionality in AR module to calculate and generate late charges invoices on Overdue AR Customer Invoices on the basis of flat 2% rate of customer invoice
regardless of for how many days AR customer invoice is open/unpaid.
Invoice Amount : $100
Invoice Date: 01-Oct-2016
Payment Term: 10Days Net
Invoice Status on 12-OCT-16 : Over due and still open ( not paid).
12-OCT-16: Late Charges program calculate and generates the Late Charge invoice of $2 (2% of custom invoice). Now if you run the Late charges program19-Oct-2016 and the customer
invoice status is STILL open/unpaid , Late Charges program picks it again to calculate and generate late charges invoice which means everytime when you run the late charges program
again and again and invoice is still open/unpaid, late charges invoices will keep be generated with the same amount ($2).
How to prevent Late charges program to calculate and generate the same invoices again even AR customer invoice is open/unpaid?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms