For the Late Charge Calculations, What is the difference between "Overdue Transactions Only", "Late

Decide how Receivables should calculate late charges. Select one of three methods:

• Average Daily Balance

Calculate late charges based on the average daily balance of overdue invoices. Use this calculation method if you are sending balance forward bills to your customers. See: Balance Forward Billing, Oracle Receivables User Guide.

• Late Payments Only

Calculate late charges based on the number of days between the payment due date and the actual payment date. Receivables uses the paid amount as the overdue invoice amount when calculating the late charge.

• Overdue Transactions Only

Calculate late charges for transactions, based on the number of days a payment is late when you submit the Generate Late Charges program.