| Interest Invoice Related Data (tfacr5101s000) |  |
| Use this session to maintain interest invoice parameters. You must define the minimum number of days and the minimum amount exceeding, which interest is charged on invoices. If you select the Business Partner's Terms of Payment check box, ERP LN selects the terms of payment. If you do not select the Business Partner's Terms of Payment check box, you must specify the terms of payment. Related topics Interest invoices
Fields | Description
Min. Days for Int. Inv | The minimum number of days (between the payment date and the due date ), for which the interest is charged. Delayed payment is selected for interest invoice generation if the payment date minus the due date is greater than or equal to the minimum number of days for the interest invoice.
Min Amnt for Int. Inv | The minimum amount to generate interest invoice. The amount is expressed in the home currency. Invoices and receipts from an invoice-to business partner are selected for interest invoice generation, if the total interest amount is greater than or equal to this amount.
Ref. Currency | The reference currency used for the amounts.
Int. Inv Selection Based On | The types of documents for which you want to generate interest invoices. Interest can be charged on: Fully Paid Invoices Partly and Fully Paid Invoices Paid and Unpaid Invoices Unpaid Invoices If you select Paid and Unpaid Invoices, ERP LN selects paid invoices, partially paid invoices, and unpaid invoices for the generation of interest invoices.
Interest Invoice Interval | The minimum number of days between two interest invoice calculations. The number of days must be greater than or equal to zero. If this field is zero, you can generate interest invoices at any time. In the Select Inv.-to BP Receipts for Interest Invoices (tfacr5210m000) session, an invoice can only be selected for interest advice if the number of days between the last interest calculation date and the Interest As on Date is greater than the Interest Invoice Interval.
No. of Days For Interest Calculation | The number of days in a year on which you want to base the interest calculation. You can select: 365 days 360 days
Interest on Interest Invoice | If this check box is selected, ERP LN generates interest invoices for interest invoices in the same way as for other types of invoices.
Interest on Adv. / Unalloc. / Credit Notes | If this check box is selected, ERP LN takes into account advance payments, unallocated payments, and credit notes for the generation of interest invoices.
Business Partner's Terms of Payment | If this check box is selected, ERP LN selects the terms of payment from the invoice-to business partner master table.
Terms of Payment | Define the terms of payment for the interest invoices. You can specify the terms of payment only if you do not select the Business Partner's Terms of Payment check box.
Common Tax Code | If this check box is selected, you can enter a default tax code for the interest invoices. If you transfer the interest advices to Central Invoicing, ERP LN takes the default tax country from the business partner's address. If this check box is selected, for interest invoices, ERP LN uses the tax code you select in the Tax Code field. If this check box is cleared, for interest invoices, ERP LN uses the tax code of the invoice.
Tax Code | The tax code used by default on interest advices if no tax code is present on the invoice. If you select the Common Tax Code check box, for interest invoices, ERP LN uses this tax code. If you clear the Common Tax Code check box, for interest invoices, ERP LN uses the tax code of the invoice.