Enter Interest and Fine Details in Outgoing Invoices
Explanation
This activity is used to enter interest and fine details for the customer
invoice and outgoing supplier invoice installment lines. If the
customer/supplier is linked to an interest template in the Payment tab of
the Customer or
Supplier window, 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
Outgoing Supplier
Invoice
Related Window Descriptions
Instant Invoice
Customer Invoice
Outgoing
Supplier Invoice
Procedure
To enter interest and fine details for an instant invoice;
- Open the Instant
Invoice window. Search for the relevant invoice or enter a new
one.
- 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.
- If you want, you may enter values for Interest Rate, Fine Rate, Interest
Tolerance Days and Fine Tolerance Days.
- Select the Interest Calculation Method from the list.
- 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.
- Click Save.
To enter interest and fine details in customer invoice;
- Open the Manual
Customer Invoice window. Search for the relevant invoice or enter a new
one.
- Repeat steps 2 to 6 given above to enter interest and fine details.
To enter interest and fine details
for an outgoing supplier invoice:
- Open the Outgoing Supplier
Invoice window. Search for the relevant invoice or enter a new
one.
- Right-click in the window and click
Installment Plan and Discounts to open the
Outgoing
Supplier Invoice Installment Plan and Discounts dialog box.
- Select the relevant installment line and
click Int. and Fine to open the
Interest and Fine
dialog box.
- Enter values in the Interest
Rate, Fine Rate, Interest Tolerance Days and Fine
Tolerance Days as required.
- Select a value for the Interest Calculation Method field.
- 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.
- Click
Save