2024 Aug 08 6:49 PM - edited 2024 Aug 08 6:54 PM
Dear Experts,
Good day. I wish to calculate interest on AR debit open items based on net due date. Currently I have configured Prepare Item Interest Calculation based on Baseline Date. However, from a layman's viewpoint (not sure if just applies in our country), interest is computed when a receivable is "overdue", therefore the reference date should be the net due date. However I can't find the net due date from the list of reference due dates in the configuration, as per the 1st screenshot below. Is there any way in the configuration to meet my goal?
Here are my sample receivables for interest calculation:
Here is the sample computation:
Thank you very much.
Warm regards,
Cel
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