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Interest on customer calulation problem

Former Member
0 Kudos

hai,

Regarding interest on customers, the interest is calculating on cleared items. but i need, interest to be calculated only on open items. for example bill due date is 05.04.2007 but the payment made on 10.04.2007 so there is no outstanding. But the interest is calculating for 5 days. How to solve this problem?

govind.

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Answers (1)

Answers (1)

Former Member
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Hi,

Please check the configuration settings in the following path:

IMG> Financial Accounting > Accounts Receivable > Accounts Payable > Business Transactions > Interest Calculation > Prepare Item Interest Calculation.

In this step, ensure that in Item selection, you have selected radio button - No Cleared Items. Then system will select only open items and not cleared items.

Thanks

Murali.

former_member1244686
Contributor
0 Kudos

hai,

i have maintained as per your instruction but still the report shows the clearing document and also calculating interest on cleared items.

In item interest calculation i have mainained No Cleared item and ref date - 1, calender type - G, In Out put control, print form and number range. Remianing option i am not selected anything.

Please clarify in this regard.

Former Member
0 Kudos

hai Murali,

i have maintained as per your instruction but still the report shows the clearing document and also calculating interest on cleared items.

In item interest calculation i have mainained No Cleared item and ref date - 1, calender type - G, In Out put control, print form and number range. Remianing option i am not selected anything.

Please clarify in this regard.

govind