Adjustment Late Charge Receipt Application Missing Original Amount

Requirement: The customer has a process to raise late charges (12%) for each late invoice after every 15 days. There is a requirement to track the late charges at every stage of the Billing and Collections process. Revenue is recognized only at Payment of late charge.​ For Aging, Statement, Dunning – Accumulated late charge amount over the period should be available against each invoice, not as a separate row in the report.​ For Cash Applications – While performing cash applications, the user should have visibility on what was the principal amount, what is late charge and how much payment is already made against the principal or late charge amount.​