Previous  Next          Contents  Index  Glossary  Library

Overview (Managing Receipts)

This section explains how to manage receipts for Brazilian Oracle Receivables. In Brazil, interest is calculated on receipts for overdue invoices. If the receipt amount is a partial amount, interest is calculated on either the amount received or the total invoice amount.

Oracle Receivables automatically calculates interest based on the business day calendar. You can apply total or partial receipt amounts and generate interest debit memos on interest due.

For information about setting up the business day calendar, see Defining a Business Day Calendar.

         Previous  Next          Contents  Index  Glossary  Library