How to charge interest on instalment invoices
We have business requirement as under:
- Customers can pay in instalments. For this we have set up Payment terms with equal instalments like 12 mons, 18 mons etc.
- Now business wants to know if we can add interest to this instalment.
We are in R12.1.3 and are using Oracle Receivables only. BPA is not in use.
Please advise how can we charge interest to the customers on instalment payments
Thanks
Raghu
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