Customer Interest Proposals—Key Exercises

IMPORTANT

It is extremely important that you set up and work within your own company and with your own customer to maintain your data integrity. If you work with any other objects, your exercises will not function as intended and the data of other students might be affected. Predictable exercise results require that your data is isolated in your own company.

Basic Data Setup

Interest Template

Purpose: The purpose of this exercise is to show you how to create an interest template.

Windows:
Interest Templates

Create a new record.
Enter the following information in the header:

Template ID	Description	Calculate Interest	Default Template for Customer
2	Interest Template No	Select	Select

Enter the following information under Interest Calculation Terms:

Interest Method	Min Interest Amount	Min Interest Amount Total	Payment Terms on Invoice	Accepted Delay
When fully paid	10	30	10	5

Create a new row in the table portion of the window. Then enter the data below to complete the new template.

Valid From	Interest Rate
Today's date	20

5. Save your changes.

Company Basic Data for Interest Proposal

Purpose: The purpose of this exercise is to set up the company parameters that will be used in interest proposals.

Windows:
Company

Open the Company window.
Query for your company.
Click the Payment tab.
In the Interest Invoicing Parameters section, enter the following information.

Interest Invoices	Post Interest Invoices Separately	Document Type
INTRINV	Selected	Invoice

Save your changes.

Required Data

Enter Customer Invoice

Purpose: The purpose of this exercise is to show you how to enter the customer invoices that will be used in the exercises below.

Enter three invoices on your customer.
Post and save the invoices. The due date for these invoices/installments should be in the past. Make sure that the due dates are different.

General Exercises for Manual Customer Invoicing using VAT
General Exercises for Manual Customer Invoicing using Sales Tax

Enter Customer Payment

Purpose: The purpose of this exercise is to pay the invoices that were previously entered. They will be used for interest calculation purposes in the exercises below.

Pay all your invoices.
Use today's date as the payment date.

General Exercises for Manual Customer Payment

Main Exercise

Purpose: The purpose with this exercise is to create an interest proposal, and learn how to approve and process the proposal.

Windows:
Customer Interest Proposals

Create Interest Proposal

Purpose: The purpose of this exercise is to show you how to create an interest proposal and view included customer invoices.

Windows:
Customer Interest Proposals

Open the Customer Interest Proposals window.
Right-click and then click Create Proposal. The Create Interest Proposal window appears. The user ID, create date, and interest calculation date appear automatically in this window.
In the Interest Calculation Date field, enter the date that is 10 days from today.
In the Currency field, use the List of Values to choose the accounting currency.
In the Interest Template field, use the List of Values to choose template 1.
Select the Customer, Customer Group, Payer or AR Contact option.
Select a value for the From field using the List of Values.
Select a value for the To field using the List of Values.
Click OK. The interest proposal is created.
Select the proposal line, right-click and then click Interest Proposal Details to view the included customers.
Select the line with your customer, right-click and then click Invoices per Proposal to see the included invoices/instalments.

Print Interest Proposal

Purpose: The purpose of this exercise is to show you how to print an interest proposal and view the included customer invoices/installments.

Windows:
Customer Interest Proposals

Open the Customer Interest Proposals window.
Query for the interest proposal you created.
Right-click and then click Print Proposal.

Acknowledge Interest Proposal

Purpose: The purpose of this exercise is to show you how to acknowledge an interest proposal.

Windows:
Customer Interest Proposals

Open the Customer Interest Proposals window.
Query for the interest proposal you created.
Right-click and then click Acknowledge Proposal.
The status of the interest proposal changes to Acknowledged.

Print Interest Invoice/Note

Purpose: The purpose of this exercise is to show you how to print interest invoices or notes.

Windows:
Customer Interest Proposals

Archived Reports

Open the Customer Interest Proposals window.
Query for the interest proposal you created.
Right-click and then click Print Interest Invoices/Notes.
A window appears where you can enter the invoice/note date and references. Enter your name in the Your Reference field and click OK.
The interest invoice will be placed in the report archive, and must be printed from there.
Open the Report Archive window and populate. Select the line with your interest invoice, right-click, and then click Print.
Click Preview to view your interest invoice and Print to get a paper copy.

Note: The result is that interest invoices are created and the proposal being removed from the Customer Interest Proposals window. If the Post Interest Invoices Separately check box is not selected in the Company window, then postings will also be created during this process.

The interest document will be printed as an invoice, as document type is selected as Invoice in the Company window.

Post Interest Invoice/Note

Purpose: The purpose of this exercise is to show you how to post interest invoices or notes.

Windows:
Customer Interest Invoices/Notes

Open the Customer Interest Invoices/Notes window.
Query for the interest invoice you printed.
Right-click and then click Post Interest Invoice/Note.
Modify the voucher date for which the postings should be created if required and click OK.

Create Credit Invoice/Note and Offset with Debit

Purpose: The purpose of this exercise is to show you how to cancel an already created interest invoice/note and offset with the debit interest invoice/note.

Windows:
Customer Interest Invoices/Notes

Open the Customer Interest Invoices/Notes window.
Query for the interest invoice you posted.
Right-click and then click Create Credit Invoice/Note and Offset with Debit.
Modify the voucher date for which the postings for the credit interest invoice/note should be created (if required).
Click OK to print and post the credit invoice/note and open the Customer Offset window. You can offset the credit invoice/note with the debit invoice/note by using this window.
Use the Customer Interest Invoices/Notes window to view details about the created credit interest invoice/note.