| # Interest Percentages (tfacr5102m000) Use this session to maintain interest percentage for each financial customer group. The percentage is used to process interest invoices. You must specify the minimum number of days after which interest is charged on invoices. Note If you have started this session by zooming, you can only find and select a record. Related topics Interest invoices Financial Bus. Part Group The financial business-partner group for which the interest percentage is maintained. Related topics Unrealized currency differences Interest invoices Min.Days for Int.Inv The number of days by which a payment is overdue. Related topics Interest invoices Interest Percentages The applicable interest percentage (on an annual basis). Example A payment of $2000.00 is 10 days late. The interest percentage is 12%. The interest amount to be paid is: $2000.00 x 10/365 x 0.12 = 6.58. |