Receivables automatically creates the Late Charges report when you run the Generate Late Charges program. The Late Charges report outlines the specific late charges that were calculated, whether you ran the process in Draft or Final mode.

You can also reprint the report for a particular final late charge batch, independently of the Generate Late Charges program.

The report includes sections for each type of charge, such as overdue transactions, late payments, and penalties.

For interest invoice late charges, the report can display multiple rows for multiple overdue transactions or late payments, as well as a total that includes all charges. Receivables creates one interest invoice per customer site and currency.

For adjustment or debit memo late charges, Receivables creates only one adjustment or debit memo per overdue transaction or late payment. Accordingly, the report displays one page per adjustment or debit memo. Within the report, the sections for overdue transactions, late payments, or penalties includes no more than one row.