Manage Localization System Options

You must configure the Localization System Options.

Follow these steps:

1. Search for Manage Localization System Options.
2. Select the business unit for which the system options are applicable.
3. Select Customer and Supplier Payment in the Enable Collection Document Processing list to enable the Payables Bank Transfer functionality.
4. Select Anticipate, Keep, or Postpone option in the Installment Due Date Derivation Method field.
5. Configure these interest calculation related fields:
   • Interest Receipt Method

     Select the receipt method that is used to generate an interest debit memo.

   • Interest Batch Source

     Select the transaction source that is used to generate an interest debit memo.

   • Interest Transaction Type

     Select the transaction type that is used to generate an interest debit memo.

6. Select the activity related to the interest, abatement, and withholding:
   • Calculated Interest Receivable Activity
   • Interest Revenue Receivable Activity
   • Interest Write-off Receivable Activity
   • Abatement Revenue Receivable Activity
   • Abatement Write-off Receivable Activity
   • Withholding Tax Receivable Activity
   • Calculate interest on receipts (Yes or No)
   • Interest Percentage (enter)