Use the Modify Interest Invoices window to perform the following tasks:

Cancel the interest invoice batch

Remove suggested interest invoices from the batch

Remove suggested interest invoice lines from the batch

Modify the exchange rate for foreign currency invoices

Modify the exchange rate type for foreign currency invoices

Modify the number of days interest charged for overdue invoices and late payments

Generate the suggested interest invoices into interest invoices

Confirm the batch details

To review and modify a Suggested Interest Invoices batch:

1. Navigate to the Interest Invoice Batches window (Localization Responsibility: Localizations > Interest Invoice > Maintain Interest Invoice).

2. Select which batch to view in the Batch Region. From this region you can also:

Generate your Suggested Interest Invoice Batch into interest invoices, ready for transfer to Oracle Receivables using AutoInvoice

Confirm the batch once it is successfully transferred into Oracle Receivables

Cancel the batch by using the Row Delete function in the applications menu

3. The Submitted check box is checked once the interest invoices are generated.

4. Interest invoice batch information is displayed in the Calculate Interest To, GL Date, and Batch Amount fields.

5. You can display all the invoices that belong to the selected batch by pressing the Invoices button. This region shows you:

Which customers the interest invoices were created for

How much the invoice is for

What currency the invoice is in

6. You can modify the exchange type and exchange rate used for the suggested interest invoice by updating the values in the Type and Rate fields.

Note: You can only update the exchange rate if the rate type is User.

7. You can delete a suggested interest invoice by using the Edit Delete function in the menu. When you delete a suggested interest invoice, all lines on that invoice are also deleted.

Note: You cannot delete a suggested interest invoice if you have already generated invoices for the batch.

8. To review the individual invoice lines that belong to the selected interest invoice, press the Invoice Lines button in the Interest Invoices region.

In this region you can modify the number of days that interest is charged for a particular item, or you can remove a line from the invoice.

There are four types of invoice lines:

Late Payment - a charge created due to a late payment

Overdue Invoice - a charge created due to an overdue invoice

Fee - a fixed fee for raising the interest invoice

Credit - a credit line resulting from an unapplied or on-account payment or an on-account credit

9. You can modify the amount of interest charged for a particular line by changing the number of days that interest is charged. Updating the Days Interest Charged field automatically recalculates the displayed totals in the Interest Invoices region.

10. To delete a selected invoice line, use the Edit Delete function in the menu. When you delete a suggested interest invoice line, the displayed totals at the interest invoice level are recalculated.

Note: You cannot delete suggested interest invoice lines if you have already generated invoices for the batch.

11. Click Generate Invoices to generate the interest invoices in Oracle Receivables. You should first ensure that you have made any necessary modifications to the suggested interest invoices in the batch because once the batch has been generated you cannot make any further modifications. After you have generated the invoices the Submitted check box will be activated.

12. To create the interest invoices in Oracle Receivables, you must run AutoInvoice after generating the invoices.

13. Click Confirm to confirm the batch after you have run AutoInvoice, and have successfully created your interest invoices in Oracle Receivables.

14. When you confirm a batch you are removing the Suggested Interest Invoices batch from Oracle Receivables. Before you confirm a batch you should ensure that AutoInvoice has processed your interest invoices correctly.

15. When you confirm a batch Oracle Receivables will print the Created Interest Invoices report, which is the same as the Suggested Interest Invoices report except the report only contains the interest invoices actually generated in Oracle Receivables.