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Basic Business Needs (Interest- Oracle Receivables)

The Interest functionality lets you satisfy Brazilian interest requirements. You can do the following:

bra90000.gif Calculate interest according to when an invoice is received.

bra90000.gif Handle the interest amount due. You can choose to pay the interest amount due and the invoice amount together, cancel the interest amount, or create an Interest Debit memo with the interest amount to pay later.

bra90000.gif Calculate interest based on the total amount of the invoice or based on the paid amount.

bra90000.gif Use simple or compounded interest calculation formulas to calculate the interest amount.

bra90000.gif Use a rate or a value to calculate the interest amount for a specific period.

bra90000.gif Define the period for interest calculation.

bra90000.gif Create grace days for late payments.


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