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Late Charge Calculation on Converted Open AR Transactions

edited Aug 2, 2024 5:16AM in Receivables & Collections 4 comments

Hi Team,

Open AR Transactions were converted form EBS R12 to Oracle Cloud on 31st May for our client with same Transaction date & Payment Term
Late Charges invoices till 31st May were generated in EBS R12. (Late Charge Calculation Method = Overdue Invoices Only, Interest Calculation Period = Monthly)
When Late Charge Invoices are generated in Oracle Cloud now, it is considering number of days overdue for Converted Transactions since it was due in EBS R12 resulting in duplicate Late Charge calculations. (Current Oracle Cloud setup - Late Charge Calculation Method = Overdue Invoices Only, Interest Calculation Period = Daily)
Let us know how to handle Late Charge calculations on Converted Open AR Transactions for such case.

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