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Former Member

Late Payment Charges posted but payment postmark date is before due date

Hello Experts,

My client requires applying late payment charges immediately after the due date. However, some situations the customer will make a payment by check with postmark date before the due date, and the check is received and entered into SAP system few days later, which is over the due date. In this situation, the client would not want to charge late fee.

Here's an example:

Recev Due: 1/22

Customer made full payment on 1/22

Late payment fee should be posted on 1/23

Check payment received on 1/25 with post mark date 1/22.

Expected result: No late payment fee should be applied to this transaction.

Is there any way to implement this without manually reverse the late payments charges? Any suggestions would be of great help. Thanks.

Kind Regards,

Nikhil

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2 Answers

  • Best Answer
    Jun 14, 2011 at 08:52 PM

    Nikhil:

    Tolerance days are designed to meet this requirement and can be configured in the interest key definition, if you use interest calculation for this. LPC does not allow for that. LPC is only calculated during invoicing - so maybe that is not what you are looking for anyway.

    regards,

    bill.

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    Former Member
    Sep 06, 2011 at 01:33 PM

    Hi Experts,

    I have a requirement from my client. Please see the details below:

    If the customer is deactivated from the installment Plan, then interest should not be calculated for documents invloved with installment Plan. The scenario is as Follows:

    1. Interest is calucated on document ABCD.

    2. Document is enrolled into an installment Plan.

    3. After X number of days the installment Plan is deactivated,

    4. The documnet ABCD is still open.

    5. The LPC should not be calucated for the X months(Or for no of days ) where the document had payment Plan

    As the ineterst is already calculated for the document, it has an entry in DFKKIH table and hence I am not able to add logic to not calculate the interest for X months.

    Can you please suggest a Function Module or Event That I can use to solve this issue.

    Thanks for your Help..

    Raaga

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