| Reminder Fee |
Set the item code, which will represent reminder fee in invoice. We also need to define amount (price) for reminder fee. We will do that in panel Costing / Pricing in item register.
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| Doc. Type for Interest |
Set document type for interest invoices. |
| Date From |
Set the start date for interest calculation. |
| One Document - One Line |
Marked switcher ensure that each document has its own line in invoice for interest. In position will be shown invoice number to which interest belong. |
| Type of Interest Rate |
Choose interest rate we will use in calculation. Type of interest rate can be set in Interest rates register. |
| Days to Pay |
Number of days the invoice need to be settled. |
| Minimum Interest Amount (document) |
Default value is -1 (no limits). When we want to limit minimum interest amount on document, enter the amount. |
| Minimum Interest Amount (subject) |
Default value is -1 (no limits). When we want to limit minimum interest amount for subject, enter the amount. |
| Minimum Days Overdue |
Default value is -1 (no limits) and it will not be considered for individual document. If we are agreed with customers for overdraft payments, for example for 5 days, than can this restriction also applied to the calculation of interest. This means that interest be calculated only from the fifth day after due date. |
| Nominal Int. Rate |
Default value is -1,00. If we want to calculate interest at nominal value, enter nominal value.
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| Interest Calc. Type |
There are two types of calculation of interest:
- D - Document: that is, to calculate interest for all documents, irrespective of whether they were paid or not. For a detailed description of the related criteria and method of calculation see Interest Calculation - List by Documents.
- P - Payments: that is, to calculate interest for documents that have already been paid. For a detailed description of the related criteria and method of calculation see OInterest Calculation - Payments.
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| Use procedures to gather candidates and calculate interest |
Using new procedures for collecting candidates and for the interest calculation. |
| Document Status |
Calculation can be limited to document status. This means that if we determine status on document type we will have that status in interest calculation as default status.
We can choose between:
- Open - program will collect all open documents,
- Closed - program will collect all closed documents,
- All - program will cover all documents.
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