| # Interest invoices You can generate interest invoices for paid invoices, for partially paid invoices, and for unpaid invoices. In addition, after generating and sending an interest invoice, you can generate a subsequent interest invoice for the next period. To set up interest invoicing You can set up interest invoicing in the Accounts Receivable module and the General Ledger module. To set up interest invoicing, use the following sessions: Invoice-to Business Partners (tccom4112s000) For invoice-to business partners for which you want to raise interest invoices, select the Charge Interest check box. Mapping Scheme (tfgld4573m000) Use this session to define the mapping of the Interest Invoice / Revenues Analysis integration document type. Accounts by Financial BP Group (tfacr0110m100) Use this session to select the interest invoices ledger account for the business partner group. Interest Percentages (tfacr5102m000) Use this session to define the interest percentages for each financial business-partner group, and for different periods of days. Interest Invoice Related Data (tfacr5101s000) Use this session to define whether interest must be calculated on unpaid invoices, partly paid invoices, interest invoices, and/or fully paid invoices. You can also indicate that ERP LN must take advance payments, unallocated payments, and credit notes into account for the generation of interest invoices. In addition, you can set up the following conditions. ERP LN only generates an interest invoice advice entry if the following conditions are met: The total of all advice entries in one currency is higher than the allowed minimum amount of an interest invoice defined in the Min Amnt for Int. Inv field. The invoice is overdue for a greater number of days than the number of days defined in the Min. Days for Int. Inv field. To process interest invoices To generate interest invoices, take the following steps: In the Accounts Receivable module, use the following sessions: Select Inv.-to BP Receipts for Interest Invoices (tfacr5210m000) Use this session to select invoices for which interest invoices can be generated and calculate the interest amounts according to the parameter settings of the Interest Invoice Related Data (tfacr5101s000) session. Interest Invoice Advice (tfacr5510m000) You can use this session to view the selected interest invoicing data, and delete some records if this is necessary. Transfer Interest Invoices To SLI (tfacr5220m000) Use this session to transfer the interest invoice advice from the Accounts Receivable module to Central Invoicing. If you select the Confirmed check box, the interest invoicing data lines in Central Invoicing have the Confirmed status. When you transfer the interest invoices to Central Invoicing, ERP LN deletes the interest advice lines from the Accounts Receivable module. In Central Invoicing, take the following steps: In the Interest Invoice Data (cisli2510m000) session, you can optionally view the interest invoice data. You can change the status of individual lines to Confirmed or On Hold, as required. Create a billing request to process the interest invoicing data, or process a billing request set that contains such a billing request. For details, refer to The invoicing procedure. If interest invoices for the business partner already exist in Central Invoicing that have the Printed or Posted status, ERP LN generates a new interest invoice. If a previous interest invoice with the Selected status exists for the business partner in the Accounts Receivable module, ERP LN changes the existing interest invoice to include the new number of days and the new interest amount. When you post the interest invoices, ERP LN creates open entries for the interest amounts in the Accounts Receivable module. The interest invoices are posted to the ledger accounts to which you mapped the Interest Invoice / Revenues Analysis integration document type. Related topics Interest calculation on overdue invoices The invoicing procedure Job processing of invoices |