AP - Late Payments - Interest Due Report

Is there a report that will provide you with a list of Invoices that are expected to pay interest over the next 10/15/20 days, etc.,
Note: like an Aging Report but will report interest that may be coming up due.

Hi,
Not a direct one but this one should help you atleast to some extent..
S_ALR_87012304..
Cheers
Redoxcube

Similar Messages

How 7+ Years Late Payments Fall Off Report?

So being a credit forums junky for years now I thought I knew exactly how this would go down but I'm a little confused now, I guess... I just checked my Transunion report which still shows some old late payments from 2008 and 2009... An example of my "confusion" is one of my Student Loans...there is payment history on that loan dating back from March 2007 and onwards (opened Feb 2007)...these recorded "OK" payments are well over 7 years old - why havent these payements fallen off as time goes on? (My lates arent quite 7 years old yet on that account yet, but will be soon and I'm sort of not sure how they are going to "fall off" if this account's payments are being reported beyond 7 years?) A similar sitiation is going on with my Capital One card, which is actually still open. - It had a 30 day late back in September 2008. Will this 30 day late just magically turn in to a "OK" payment in Septemeber when it turns 7 years old, or will that payment literally fall off and dissapear somehow, even though the older-than-7-years payments on that account that are "OK" are not falling off and still showing?

shane82388 wrote:
So being a credit forums junky for years now I thought I knew exactly how this would go down but I'm a little confused now, I guess... I just checked my Transunion report which still shows some old late payments from 2008 and 2009... An example of my "confusion" is one of my Student Loans...there is payment history on that loan dating back from March 2007 and onwards (opened Feb 2007)...these recorded "OK" payments are well over 7 years old - why havent these payements fallen off as time goes on? Because they are not derogatory. (My lates arent quite 7 years old yet on that account yet, but will be soon and I'm sort of not sure how they are going to "fall off" if this account's payments are being reported beyond 7 years?) Derogatory payment history (lates) will be excluded as each late passes the 7 year mark. When the last late is excluded, the account will become completely positive and will report for ten years after its closure. A similar sitiation is going on with my Capital One card, which is actually still open. - It had a 30 day late back in September 2008. Will this 30 day late just magically turn in to a "OK" payment in Septemeber when it turns 7 years old, or will that payment literally fall off and dissapear somehow, even though the older-than-7-years payments on that account that are "OK" are not falling off and still showing? It will become excluded and will essentilally become "no data" for that month. Most display formats will show "no data" as "OK" - it just depends on where you are viewing your file.

Late payment question

I recently got a target redcard account, but missed my first statement and ended up being 34 days late on the first payment. Once I found out I was late I hurried up and paid the fees etc. I just had my credit pulled to get a mortgage and found out that the one late payment to dropped my score 60 points. I have no other late payments on my report at all. Has anyone had any luck getting something like this removed?

Thanks for the advice! Do you have any tips on how to find the contact information for the executive office? Google didn't turn up anything for me.

Disputing a late payment reporting. What counts as "proof'?

I am disputing a account that has a "Late payment" reporting. I foolishy wrote down the confirmation in a notebook, and have lost track of it. I know it was paid, and the account shouldn't be reported as over 60 days late. I am doing my best to find any proof. I know I called the creditor on a speific date before the payment was due, and was talking to them for a few minutes. I pulled my telephone records, and it does show I called the creditor,and talked to them for 18 minutes, yet before I found this, the creditor said they couldn't see a call was made to them. I also have a "payment allocation" paper they sent to me that says a transcation for "$100" dollars was made on 03/18/2015, and my phone records have the phone call taking place on 03/17/2015. I just found these documents a day ago. I don't understand how a phone call wouldn't be recorded, but yet it shows on my phone bill that I talked to them for 18 minutes. I googled the number, and it was the creditors number. They have said i never did talk to them ,but that was before I went through my phone bill. Do i have anything worth sending them to show that what they have told me isn't correct?

mnl wrote:
So how are they allowed to make errors, but if we do, then there are problems? Navient(Sallie Mae) told me 2 times that they reviewed the call logs, and there records didn't show a call at all. Was told they looked thoroughly, so obviously they didn't, or there is a issue with their system. Proof of the phone call shows that there is a error on their end/system makes errors, if there is one error/mistake, then that shows more errors could happen on their end. I went through bank statements, and it shows for 03/18 , which is the same day the phone call took place (Which I have the phone bill) Bank statement shows on 03/18: 147.20 MERCHANT PAYMENT AT LOC 360 12061 Bluemont Way Reston VA Looked this up, and it's Sallie Mae/Navient. I don't have a voided check. I paid by phone. The phone bill, and bank statement is all I have. I've read online about how Sallie Mae/Navient has lost peoples payments, and made errors just like this plenty of times. Ridiculous. You're absolutely right. The debt collection industry essentially wrote the laws (FCRA and FDCPA) with some input from lawmakers - or to put it another way, the lawmakers wrote the laws with a great deal of input from the debt collection industry. So while there are *some* protections for us, the deck IS stacked against us to a great degree. The only defense we really have is to learn how the system works, both for and against us, in order to play this game on as level a playing field as we can possibly make.

Automatic calculation of charging of interest on late payment onLO

Hi.
my query is that user want that SAP calculate interest on late payment automatically for lease out.
is it possible in real estate?

Hi,
As Franz said, there is no standard functionality in RE, but you could use the Adjustment program to achieve that result.
You can customize an index based rule with your interest rate and default that adjustment rule for the condition that needs to be accounted for interest.
The problem is that if you choose to follow this approach, you will have no intergration with FI-AP and the adjustment program will not check which contracts are overdue and which not.
KR,
Severina Kolleva

FSCM-CR: Automatical Interest Calculation for Late Payments

Hi all,
Do you guys know if there is a standard functionality ( on SAP Collections Management or in SAP Credit Management) for automatical interest calculation for the customers late payments ?
Our client is on FINBASIS 6.00
Thanks in advance.
Best Regards.

Hi,
It will not be possible to post from Collections management as it would in general not be done by receivables team.
However, interest on arrears is a standard function available in Financial Accounting itself. Maybe you can use them for your requirement.
Regards,
Ravi

Old late payments on still-open account

hi, i'm new here, but a longtime lurker and i finally have a question i thought i'd post about. i have a open account for a studnet loan from grad school. there was dark stretch during the great recession where i stopped making payment, because i had very little money and most of what money i had i sent home to my mom and sis who were out of work due to the economy. not sure why i didn't try to make a better arrangment than jut not paying. i guess i was really stressed and scared facing all the new realities. until that point i'd never been out in the real world, so to speak...just school. anyway, the first of those missed payments will be seven years old in july. since the account is open (and current!), i understand that they will stay on my report despite their age since it's an active account. is that right? is there anything i can try to get them removed before i finish paying off the account? the good news is that other than those payments, all of my reports are spotless. thanks in advance for the advice!

interesting. i called experian and the person i spoke with said that since the account is still active, the old late payments wouldn't fall after 7 years because i'm still paying off the account. i just got off the phone with a credit specialist and he said even though the account is still open, the late payments will in fact drop off once they are seven years old. i'm a little confused, bit i'm hoping the credit spec. is right!

Late payment from Wells fargo dealer services

I have my auto loan financed from wells fargo dealer services for 1.5 years. So far good payment history but my interest rate was way too high. So for lowering that rate i refinaced from other bank and during that entire finace process, payment for this month got delayed and i called wells fargo to let them know that they will be getting the cheque soon. They reported late payment 30 days past due on my credit history. I was reading online that we can send them GW letter to reconsider and it has to be polite and positive, since i started refinance from other bank, i can't suggest automatic payment or on time payments from now on. I dont know what should i write in mail so that they consider. If anyone have good suggestion. pls help

Need_Advice wrote:
I have my auto loan financed from wells fargo dealer services for 1.5 years. So far good payment history but my interest rate was way too high. So for lowering that rate i refinaced from other bank and during that entire finace process, payment for this month got delayed and i called wells fargo to let them know that they will be getting the cheque soon. They reported late payment 30 days past due on my credit history. I was reading online that we can send them GW letter to reconsider and it has to be polite and positive, since i started refinance from other bank, i can't suggest automatic payment or on time payments from now on. I dont know what should i write in mail so that they consider. If anyone have good suggestion. pls help When you refinanced you didn't see the "you may have to make a payment to keep the account current prior to the old lender receiving the payoff check"? It's been plastered all over every refi I've ever done. Good luck with the GW.

Late payments

Hello,
(I'm new to SAP B1, 2007 A)
I defined a payment term under "Administration -> Setup -> Business Partners -> Payment Terms"
Under "Interest on Receivables" I choose 10% (for exemple)
I defined a new partner with this Payment terms, but i don't know how to make the system calculate the late payement fee (even if i create a new order with late date).
If someone can help me it could be wonderfull
thanks

Hi Mohamed,
the easiest way of doing this is to set up the dunning wizard to calculate late payment fees. The application will not automatically create postings that update the BP balance. If you need late payment fees to show up on the BP balance & in the ageing report, you need to create manual journal entries or service type invoices.
The use of the' Interest % on Receivables' field within the payment terms is not shown in the EES mentioned above, but all pertinent dates & the calculation logic are explained.
All the best,
Kerstin

Looking to configure a Late payment process within Collections

I am looking to implement a follow-on late payment process within the Collections Management process for past due invoices. Has anyone done this before and if so any considerations or challenges to the process? Basically as invoices fall in arrears the specialist would have the ability to create a debit memo request in reference to the late invoice for a percentage of the open amount. This would be within the Process Receivables tab. It would go through an approval process and as approved would become a debit memo for the "late payment" with reference to the debit memo request.
Any thoughts?

I would look at what you can achieve in the standard FI-AR Interest process.
I dont believe there is functionality in Collections Management for this. One of the main processes is to not update FI-AR from Collections Management.
You do have the ability to add function buttons into Collections Management (Process receivables) after Enhancement Package 5

Late payment Charges for customers

Hi
How do we set up the below scenario
When a customer doesn't pay the due say within 10 days, will be charged with of the 1.5 % of the Invoice alue.Subsequently if not paid in 20 days he will be charged 3 % of Invoice Value.
Any help is appreciate.Points will be definetly rewarded
Ramesh

Hi Ramesh,
In SAP, in Accounts recievable, you have a functionality called interest calculation. This is the best way to do a surcharge or late payment.
The functionality works this way that if your invoice has become overdue than an interest is calculated and put into the customers payable account and when a statement is sent to the client it shows these interest charges. These statements are payment statements developed by FI consultants.
regards,
Abhishek

Late Payment Fees

Very disappointed with Telstra's late payment policy. Firstly, organising a 'payment extension' doesn't mean you avoid the late payment fee. According to Telstra staff, it simply ensures that your service isn't cut off. But seriously, what kind of company cuts off the service of a long-time customer when a bill is paid a few days late anyway? I get paid monthly on the 25th, and my Telstra bill is always due on the 20th, so I wanted to change the date to make it easier to pay on time. I was happy to pay the five days difference. But even after repeat requests, Telstra continue to say a flat-out 'no'. I know it's my responsibility to pay on time, but Telstra have absolutely no interest in making it easier for their customers. During a recent chat with a Telstra rep I was told the policy had changed and that payment could now be made 14 days late without incurring a fee. So, with this in mind I paid my bill on the 26th. But lo and behold, my next bill included a $15 sting, and when I contacted Telstra I was told that the information given to me was incorrect, and a $15 credit was applied to my account. This credit is appreciated, but I'm looking for a long-term solution, not a month-by-month band-aid fix. So basically, I'm back to square one. I get that this is company policy, and that as a big corporation Telstra are under no obligation to change it (even in the face of a class action), but I'm still staggered by how unflexible they've been. It really isn't a great way to keep customers, and keep them happy. I just think, if Telstra knew how far a bit of good will can go these days, they could really benefit. End of rant!

Hey ,understand your rant. Kind of like being able to have the NRMA change your payments for your road, home and contents insurance to be all paid on the same day of the month (we pay by the month), or spread out. We wanted our new car insured, and the insurance says didn't match the other payments time cycle, so we merely had to make one "make-up payment" for a few days so that everything matches up. Now we pay all of our NRMA insurance on the one, predictable date that matches up with our finances. I know what it's like, LOL, your electricity, water, and land rates, and then the rego on the car all fall at once, and you would like to change the cycle, so that you don't get all the bills at once. It's not like you AREN'T going to pay, you just want the billing cycle to change, even if you have to make a "make-up payment", right? What you *could* do, is go into credit, by paying ahead, but this means that *you* have to make all the effort, instead of Telstra meeting you half way.

Order Payment Wizard Recommendation Report by BP Code then DocNum

Hi Experts,
Currently in SAP, the Payment Wizard Recommendation Report is ordered by BP Code. Documents per BP are then ordered at random.
Could this be changed to be ordered by BP Code, then DocNum to make finding specific documents easier
Thanks
Greig

Hi Greig,
We will consider this idea as a candidate for one of the next major releases.
Documents per BP are not listed randomly; they are sorted per Due Date field - key detail for deciding what to pay and what not.
Thank you.
Peter Dominik
B1 Solution Management

Post of Late payment surcharge amount.

Hi Experts,
In my project, i am calculating the late payment surcharge amount ( LPSC Amount) through custom programme aganist the contract acccount and storing it in a custom table.
Custom program calculates LPSC amount in the day in which incoming payment is received against any charge (including invoice). LPSC is calculated in a time dependant slabs, depending on clearing date > net due date.
Can anyone help me how to post the calculated amount to the contract account.
Regards,
Paul

Hi,
You can use BAPI_CTRACDOCUMENT_CREATE to post a Fi-CA document.
Thanks,
Amlan

CAPITAL ONE DISPUTED LATE PAYMENT WITHOUT MY PERMISSION!

HELP! I am in the processes of working on 3 late payments on my Capital One card. I called yesterday and very clearly stated to the rep that I was looking for a GW removal and NOT a dispute. He gave me the typical scripted speech that they would make an *internal* request and I said thank you, have a nice day. I entered an online chat today with a supervisor to ensure that my account was not disputed and come to find out, it is. Who do I contact now? Can I file a complaint? Who the HECK is running the show at Capital One? This is just crooked business!

Thanks. The EO called me today to let me know they would be investigtaing the rep who created this mess. I'm livid. I am praying that dispute does not hit my report. They tell me it will take 7-10 business days to investigate.

AP - Late Payments - Interest Due Report

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