EAP: Payment Post Rounding Issue For Late Charge Calculation

(Doc ID 2067989.1)

Last updated on MARCH 18, 2016

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

When a Voucher containing multiple Invoice Lines incurs late fees upon payment, there are occasional rounding errors during Payment Post. This leads a 1-2 cent difference between the actual cash payout of the late charge and the net amount of late fees incurred (and paid) according to the GL.

STEPS
1.  Installation Options Enable Late Charge and Federal Payment
2.  Add Voucher with multiple lines > Invoice Date 07-19-2015 >
    Accounting Date 08-19-2015 > Payment Terms NET30
    Line 1 = 8097.22 @ 1 ea
    Line 2 = 9365.11 @ 1 ea
    Line 3 = 736.11 @ 1 ea
    Line 4 = 851.37 @ 1 ea
    Line 5 = 2175.00 @ 1 ea
3.  Pay Voucher through Pay Cycle
    Pay Cycle Details link - Total Late Charges 22.24
4.  Voucher is Paid
    Voucher Payments page Late Charge link Late Charge Amount 22.24
5.  Payment Post
6.  Accounting Entries Late Charges Total 22.23

Cause

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