| Real Interest |
Set the item code, which will represent interest in invoice. |
| Real Interest Account |
The option is visible only when switched settings : Look Up Accounted Interest when Creating Issued Invoices or Enable Linking Interest with Invoices. Select the account number for posting of interest receivables. This settings allows separate posting of receivables for the set account.
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| Revaluation Interest |
Set the item code, which will represent revaluation interest in invoice.
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- if we specify only the article code for real interest or only one article code for revaluation interest, the total calculated interest amount will be shown as one position of interest invoice, even calculation was done for both. That case could be calculation of late payment interest, when interest rate table has monthly revaluation interest and interest for late payment and we want to show calculated amount in only one row on invoice.
- if we use same code for real interest and revaluation interest, invoice will shows that in two lines with same item code.
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| Revaluation Interest Account |
The option is visible only when switched settings : Look Up Accounted Interest when Creating Issued Invoices or Enable Linking Interest with Invoices. Select the account number for posting of interest receivables. This settings allows separate posting of receivables for the set account. |
| 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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| Reminder Fee Account |
The option is visible only when switched settings : Look Up Accounted Interest when Creating Issued Invoices or Enable Linking Interest with Invoices. Select the account number for posting of receivables for the set article. This settings allows separate posting of receivables for the set account. |
| Look Up Accounted Interest when Creating Issued Invoices |
With this option on, we can connect calculated and confirmed interest to issued invoices on a periodic invoicing. Having switched the setting, to the periodic invoicing appears in the tab create the option for the connection of interest (Add Accounted Interest).
Pantheon will connect positions for interest and reminder fee to the usual positions on invoices from recurring invoicing. Receivable accounts can be set only for this items. It will not be posted on same account as regular sales invoice.
We can find detailed description how to add calculated interest to invoices by following this link.
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| Enable Linking Interest with Invoices |
Activated option allows us to connect and link calculated and confirmed interest to issued invoices. That's how can customer get also interest for late payment on monthly invoice beside regular items.
It is possible to link calculated interest with issued invoice on panel interest to customers.
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| Doc.Type for Interest |
Set document type in which should calculated interest be invoiced. Follow link Invoice for Interest. |
| 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.
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| Days to Pay |
Number of days the invoice need to be settled.
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| 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. |
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Minimum Days Overdue
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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.
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| Nominal Int. Rate |
Default value is -1,00. If we want to calculate interest at nominal value, enter nominal value. See also Interest Rates chapter.
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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. Highly recommended!
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| 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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| Off-Work Categories |
From drop down menu choose off-work days. Pantheon will skip this days from interest calculation and will start calculate interest first working day after due date. In company calendar off-work days should be marked. We can do that in menu Compay Calendar.
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| Obresti obračunaj samo do višine glavnice |
program obračuna obresti za dokumente vedno do višine glavnice. Tak dokument je v zavihku obračun obarvan modro. |