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Basic Business Needs (Interest- Oracle Payables)

The Interest functionality enables you to satisfy the Brazilian Interest requirements. You can do the following:

bra90000.gif Calculate interest based on the business day calendar and see the interest amount and number of days the payment is late. If the payment due date is on a weekend or holiday, you can keep, change, or delete the due date that is used for the interest calculation.

bra90000.gif Define the period that interest must be calculated for

bra90000.gif Define a penalty fee for an overdue invoice

bra90000.gif Allow for grace days in the event of a late payment

bra90000.gif Allow for simple or compounded interest calculations

bra90000.gif Allow for interest billing in percent or value

bra90000.gif Allow interest invoice generation and accounting


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