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EAP - PAMMISC FILE - Late Charge Rate Incorrect Although Late Charge Amount Correct (Doc ID 2596358.1)

Last updated on JULY 22, 2020

Applies to:

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


The PAMMISC file that is generated contains the correct late charge amount but the rate that is shown in the file is not showing the rate that was used to calculate the late charge amount.

03 0000000003 RMR*IV*I2018-1001-02*AI*10177.27\REF*RB* 3.63*$177.27 for 181 days\

177.27 is the late charge amount when USING rate 3.5

1 Federal Payment / Bank set-up required
a. Installation Options to enable Federal Payments and enable Late Charge
b. Assign TIN value to supplier
c. Set up supplier bank account
d. Assign Agency Location code to Bank Code
e. Agency Location definition - GWA Reporting Options set Business Activity to 'AP Payments Only' and an effective dated row for Report Activity 'AP Payments Only'
1. Set up rates 3.5 effective 7/1/2018 and 3.63 effective 1/1/2019.
2. Create voucher with acctg date / invoice date 10/01/2018 and pay terms 30
3. Use Pay Cycle to create payment with payment date 4/30/2019
4. From the Pay Cycle Manager page generate the PAMMISC file


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