Adjustments and Penalty and Interest

If your organization calculates penalty and interest (P&I) on outstanding debt, creating adjustments will typically impact the penalty and interest calculations. Most such adjustments are created as part of another business process, such as posting a tax form, where bringing P&I up to date is part of the business process.

For various reasons, the base product does not provide functionality to bring P&I up to date when an adjustment is created manually via the adjustment page. If your organization requires the ability to create a manual adjustment and bring P&I up to date, a special business process should be designed to orchestrate this.