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R12: AP/IBY/JL: Overdue Invoices are not Using the Correct Calculation for Brazil (Doc ID 2928173.1)

Last updated on FEBRUARY 14, 2023

Applies to:

Oracle Payables - Version 12.0.0 and later
Oracle Payments - Version 12.0.0 and later
Oracle Financials for the Americas - Version 12.0.0 and later
Information in this document applies to any platform.


The interest calculated for a late payment is not using the proper calculation for Brazil, it's using the standard calculation.

Brazil uses a localized interest calculation when paying an invoice late.  The information needed for the calculation in Brazil is stored on the global descriptive flexfields on the payment schedule.

To pay an invoice

  1. From a Payables Responsibility navigate to Payments -> Entry -> Payment Manager
  2. Click on "Submit a Single Payment Process Request"
  3. Fill out the form
  4. Click "Submit"


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