Generate Late Charges Report

Use the Generate Late Charges Report to review a run of the Generate Late Charges process. You can also print the report for an individual late charge batch.

The Generate Late Charges Report outlines the specific late charges that were calculated, whether you ran the process in Draft or Final mode. The report includes sections for each type of charge, such as overdue transactions, late payments, and penalties.

Review this report after a run of the Generate Late Charges process, or run the program in Draft mode to review the results before generating late charges.

Report Output

You can present late charges to the customer as an interest invoice, an adjustment, or a debit memo.

For interest invoice late charges, the report displays multiple rows for multiple overdue transactions or late payments, as well as a total that includes all charges. The Generate Late Charges process creates one interest invoice per customer site and currency.

For adjustment or debit memo late charges, the Generate Late Charges process creates only one adjustment or debit memo per overdue transaction or late payment. The report displays one page per adjustment or debit memo.

This table describes important column headings in the Generate Late Charges Report.

Column Heading	Description
Due Date	The transaction due date. Late charges apply to the open balance on the transaction after the due date.
Original Amount	The original transaction amount.
Overdue Amount	The outstanding balance of the transaction.
Days Late	The number of days that the outstanding balance is past due.
Interest Days	The number of past-due days that interest applies to the outstanding balance.
Interest Rate	The rate used to calculate the late charges.
Interest Charge	The amount of interest charged on the outstanding balance.

This table describes important row headings in the Generate Late Charges Report.

Row Heading	Description
Adjustment Number	The number assigned to the adjustment, for late charges presented as an adjustment.
Charge Calculation Date	The date the late charges were calculated for this report.
Currency	The currency for the late charge calculation.
Total Interest Charge for Overdue Invoices	The total late charge calculated for overdue invoices.
Total Late Charge	The total of all late charges calculated for the customer for the report period.