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Payments on account and interest calculation

former_member191210
Participant
0 Kudos
150

Hello Experts,

I am in one electricity project.

I came across a new requirement.

The process is as below

1) Suppose consumer electricity bill for month march/16 is $ 294

2) He pays amount $300 in banks on 20th march/16

3) Now we upload this payment from external payment gateway on 21th march/16

4) System clear the bill amount 294 and remaining $ 6 goes on payment on account in FPL9

5) Now the next bill is generated for the next month on 20th April is $100

6) First $6 will be adjusted into bill and the remaining amount $94 will be posted as debit in to consumer account.

Q) I want to calculate the interest on payment on account $6 from date 21st march to 20th April, but system is not calculation the interest because clearing date is 20th April

Kindly suggest.

Regards

Amit

2 REPLIES 2

william_eastman
Product and Topic Expert
Product and Topic Expert
0 Kudos
64

amit:

Using FPI1 or FPINTM1 you should be able to calculate interest, even on the cleared credit.  It is possible that the interest rate is too low to reach your minimum interest amount.  The messages in the transaction would let you know the exact reason.

regards,

bill.

AmlanBanerjee
Active Contributor
0 Kudos
64

Hi Amit,

In addtion to Bill's comments, check whether you have confgured the interest rules for calculating interest for credits.

Moreover, check for the tolerance days confgured for the interest key for which you are trying to calculate the interest.

Thanks,

Amlan