R12 - Same functionality “Compound Interest” as in 11i
Customer needs functionally to calculate interest from overdue transactions/ late payments and prior interest invoices with the possibility of selection it on Profile Classes level or Customer level.
Consistent with the polish law, customer can to calculate interest from prior interest invoice when gets declaration of bankruptcy from debtor. It is a small group of customers but now has about 50.
In R11 there was this functionally with option “Compound Interest”.
In r12 , there is similar option Flat Rate - Compound but is available only for Late Charge Type= Adjustment on Profile Classes level or Customer level.
Now as cumbersome workaround, customer using option “Execute form late Charges calculation” which is on form Transaction Type, for Debit memo charge transaction type = Interest Invoice.
Consistent with the polish law, customer can to calculate interest from prior interest invoice when gets declaration of bankruptcy from debtor. It is a small group of customers but now has about 50.
In R11 there was this functionally with option “Compound Interest”.
In r12 , there is similar option Flat Rate - Compound but is available only for Late Charge Type= Adjustment on Profile Classes level or Customer level.
Now as cumbersome workaround, customer using option “Execute form late Charges calculation” which is on form Transaction Type, for Debit memo charge transaction type = Interest Invoice.
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