Late charges are not generating for over due invoices.
EBS AR module : Late charges program not considering to generate interest invoice for old invoices. Program considering only one time to generate finance charges. Next run program is ignoring old over due invoices and considering always new over due invoices only.
Ex: Requirement
Invoice#001 ; Date: 01-Mar-2021; payment terms 10 days.
Amount: 1000
Due date:10-Mar-2021
When you run late charge program on 3
when you run Late charges
First time it is picking and generated late charges for invoice#001
when you run for second time i.e. apr. Above invoice#001 is still open but Late charge program not considered to generate Apr month late charges calculation.