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Why Late Charge Is Created For Invoice With Credit Balance? (Doc ID 2902707.1)

Last updated on OCTOBER 13, 2022

Applies to:

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


Why Late charge is created for Invoice with credited balance?

This is the scenario:

On 14-Dec-2021 Invoice A with due 01-Oct-2021 had balance of $1000 .
On 14-Dec-2021 Receipt B for $1010 was applied on Invoice A . Invoice had  a credit balance of - $10
On 01-Sep-2022 Receipt B Reversed . Invoice A had a balance due of $1000
On 01-Sep-2022 Receipt B for $1000 was applied on Invoice A . Invoice had balance of $0

Late Generate was run on 02-SEP-2022 08:33:52 As of 31-Aug-2022
It created late charge on Invoice A. Invoice balance was negative as of 31-Aug-2022, and it should not have created any late charges


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