Late Charge - Possibility to maintain more than one Late Charge Revenue / Receivable Account
Summary:
Late Charge - Possibility to maintain more than one Late Charge Revenue / Receivable Account
Content (please ensure you mask any confidential information):
Hi All,
We are currently using Interest Invoices to apply late charges, and we have the following requirement:
The calculated late charges need to be posted to different revenue and receivable accounts based on the original invoice type. However, as per the current configuration, we are required to assign a single Transaction Type for late charges in the Receivables System Options, which allows only one set of receivable and revenue accounts.
Given this limitation, are there any alternative approaches or recommended best practices to achieve this requirement?