| # 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, LN selects the payment terms. If you do not select the Business Partner's Terms of Payment check box, you must specify the payment terms. Related topics Interest invoices Minimum Days for Interest Invoice 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. Delayed 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. Reference Currency The currency in which balances of entities shared by all the companies of a financial company group are expressed. For example, LN uses the reference currency for business partner balances. Note The reference currency is the common base currency of the companies in a multisite structure. For currency systems other than the standard currency system, the reference currency is a company's base currency for all calculations with currencies. Int. Inv Selection Based On Number of Days for Interest Calculation The number of days in a year on which you want to base the interest calculation. The options are: 365 days 360 days Business Partner's Payment Terms If this check box is selected, LN selects the payment terms from the invoice-to business partner data. Payment Terms The payment terms for the interest invoices. You can specify the payment terms only if you do not select the Business Partner's Terms of Payment check box. Common Tax Code If this check box is selected, the tax code is used for all invoices, including those for which a tax code was already specified. Tax Code The tax code for the interest invoices. To apply this tax code to all invoices, including those that already have a tax code specified, select Common Tax Code. |