Enter Interest and Fine Details in Supplier Invoice
Explanation
This activity is used to enter interest and fine
details for the supplier invoice installment lines. If the supplier is linked to
an interest template in the Enterprise/Supplier/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
Manual Supplier
Invoice
Related Window Descriptions
Manual Supplier Invoice
Procedure
- Open the Manual Supplier Invoice
window. Query for invoice or enter a new invoice.
- Right-click and then click on the Installment Plan
and Discounts option to open the Supplier
Invoice installment Plan and Discounts
dialog box.
- Modify the existing installment lines or enter new
installment lines.
- Click
Int. and Fine to open the
Interest and Fine dialog box.
- If you want, you can 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.