Interest caliculation with multiple rates on customer outstanding

[Former Member]

Hi

I request your help in getting solution on following senario

Monthly following % of amounts will be recovered from customers on the

invoice amounts from the posting date towards delay charges(interest).

1. With in 7 days from the date of posting date NIL

2. 8 - 10 days 0.50%

3. 11- 15 days 1.00%

4. 15- 30 days 2.00%

The abovoe senario checked up thru Item interest cliculations(ven/customer)

But i could able to caliculate with one interest rate.

Can you please advise me how i can caliculate interest under above senario

Thanks & Regards

Narayana

[Former Member · Accepted solution]

Hi

You may try with dunning procedure for this, but the interest will not be posted to GL. but it may serve to keep track and manually manage.

Regards

Laxmiprasad

[Former Member]

Hi narayana narayana

Did you find any solution to your problem?

My client has a similar requirement.

Let me know if you have solution with you (an oss note or customization)

Thanks,

Reddy