Enter Interest and Fine Details in Customer Invoice

Explanation

This activity is used to enter interest and fine details for the customer invoice installment lines. If the customer is linked to an interest template in the Enterprise/Customer/Payment tab, the interest and fine details specified in the interest template is applied to all the installment lines by default. You can modify these values separately for each installment.

Prerequisites

An invoice is required to be entered and saved.

System Effects

Interest and fine will be calculated as specified for the installments of the invoice.

Window

Instant Invoice
Manual Customer Invoice

Related Window Descriptions

Instant Invoice
Customer Invoice

Procedure

To enter interest and fine details for an instant invoice;

1. Open the Instant Invoice window. Query to find invoice or enter a new invoice.
2. Go to Instant Invoice/Installment Plan and Discounts tab. Right-click on installment line and click on Interest and Fine to open the Interest and Fine dialog box.
3. If you want, you may enter values for Interest Rate, Fine Rate, Interest Tolerance Days and Fine Tolerance Days.
4. Select the Interest Calculation Method from the list.
5. If you want the due date for interest and fine to be calculated based on all months having 30 days, select the Use Commercial Year check box.
6. Click Save.

To enter interest and fine details in customer invoice;

1. Open the Manual Customer Invoice window. Query to find invoice or enter a new invoice.
2. Repeat steps 2 to 6 given above to enter interest and fine details.