Receivables - EBS (MOSC)

MOSC Banner

Late Charges calculation

edited Sep 3, 2015 10:01AM in Receivables - EBS (MOSC) 3 commentsAnswered
Hi all,

Background information:

We have upgraded from 11i to R12 and realized that the finance charges no longer attached to statement or dunning letter. We now have a separate Late Charges program. After upgrade, we have not made any changes to setup and were taking the default value from the upgrade.

System options: Late charges calculation method is set as "Overdue Transaction Only" and from profile class we choose the Simple interest calculation.

Question: what is the difference between Overdue Transaction only and Late Payment Only.

Example: Month 1 - Original invoice amt : 1000.00

Month 1 - Late charges : 30.00

Month 1 balance : 1030.00

Month 2 - Payment recieved :

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS Receivables Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center