Receivables - EBS (MOSC)

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R12.2.5 - Late Charges

edited Nov 10, 2018 10:50PM in Receivables - EBS (MOSC) 6 commentsAnswered

Our business is planning to implement the Late charges from Jan'18.

We will notify the customers about the Late Charge policy  on Dec 1st, so any late charges before Dec 1st needs to be ignored.

So, if I have an overdue invoice as of Dec 1st, and if it's still open as of Jan 1st, I will need the Late charge to calculated only for last 30 days.

Basically, need an effective date for the Late Charge calculation.  Is that possible ? What are the possible options to take care of the scenario?

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