|Oracle Loans User Guide|
Part Number E13646-04
This appendix covers the following topics:
Submit the LNS: Billing program in Oracle Loans to create bills (Receivables documents) for your active loans. You can create bills for a single loan or borrower, or for a range of loans, borrowers, or dates. Using standard request submission, you can schedule billing to run at a specific time, or to run periodically.
Submit the LNS: Billing program from either the Forms-based Submit Request window, or the HTML-based Submit Request page. See: Using Standard Request Submission, Oracle Applications User's Guide
For more information, see: Overview of Loan Billing.
The LNS: Billing program creates a bill for all active loans that match the entered parameters. Enter at least one parameter to run billing:
Note: Parameter searches are not interdependent. For example, searching by borrower name does not restrict the loan values available, if you then search by loan number, to just loans for that borrower.
From/To Number of Days to Due Date
Note: The numbers that you enter here represent the number of days between the system date and the payment due date, and can be positive or negative.
From Number of Days to Due Date is blank by default. The default value for To Number of Days to Due Date is the value of the Invoice Generation Timing system option. If you run the billing program using the defaults, Loans generates bills for loans with due dates that range from any date before the system date to the number of days specified in Invoice Generation Timing system option.
In general, do not specify a borrower or loan when submitting the LNS: Billing program. Instead, you should run the program for all borrowers and loans.
You might, however, need to run the program for an individual borrower or loan to correct isolated billing issues.
Use a combination of the From/To Number of Days to Due Date parameters with Standard Request Submission's scheduling options to complete the billing for your active loans.
For example, you can schedule the LNS: Billing program to run everyday, for all loans whose installment due date falls 15 days before and after the system date.
To bill loans with back-dated start dates, set only the To Number of Days to Due Date parameter. The billing program will pick up all loans that should have been billed as long ago as the date you created the loan. Since the Loans billing program only creates one bill per loan, you may need to submit the program multiple times to make sure you generate bills for all periods required.
See: Running Reports and Programs, Oracle Applications User's Guide.
Submit the LNS: Fees Assessment program to identify, calculate, and apply late charges for overdue loans. This program checks all loans to assess whether the conditions exists to assess a late charge. You should run this program daily and before you run the billing program to determine the fees for the billing program to bill.
Note: As Loans Agent, you can also run the LNS: Loans Maintenance and Billing request set from a Forms application such as Oracle Receivables. This request set runs both the LNS: Fee Assessment and the LNS: Billing programs. This request set is not available from the Loans application.
This program generates distributions for ERS loans.
This program searches and applies payments to Loans invoices based on selected parameters.
This program refreshes the Loans Dashboard Graphs data.
This program credits the original bill if the bill issued to a borrower is incorrect. You can optionally rebill the loan at the same time. Alternatively, you can complete the credit, or credit and rebill, process from within the Servicing tab. See: Outstanding Bills.
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