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Finance | Project Operations, Human Resources, ...
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Interest Calculation

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Posted on by 15

Hi there. 

I am having trouble with my interest calculation pulling as anticipated. I set up a code as below, to have a 60 day grace period and then calculate 2% interest/month. 

pastedimage1650650872960v1.png

However, when I create and process interest notes, it is not valuing the grace period. For the below I would expect to only see $2:

pastedimage1650651197778v2.png

Am I missing some configuration? Or has anyone run into this before?

Also, just to clarify the research I found, there is no OOB way to calculate different interest rates other than the posting profiles, correct? What about the scenarios where interest is determined by customer or by contract?

Any help would be appreciated. 


Thanks,

Kelsey

I have the same question (0)
  • André Arnaud de Calavon Profile Picture
    303,669 Super User 2026 Season 1 on at

    Hi Kelsey,

    Not sure if I'm fully correct, but I thought this grace period is only intended to wait with an interest calculation for late payments; not to shorten the period for the calculation.

  • Kelsey Lounds Profile Picture
    15 on at

    Thanks Andre. Do you know what solution is used when clients don't want to calculate interest right away? Like in my scenario above they want to wait 60 days before interest calculates.

    I have attached a photo of the description allowed in D365. Which I had set to 60. 

    pastedimage1650887363081v1.png

  • André Arnaud de Calavon Profile Picture
    303,669 Super User 2026 Season 1 on at

    Hi Kelsey,

    The same text is used in the documentation. There might be different interpretations for the word "assessed". As mentioned, I'm not fully sure. I need to refresh my memory and set up a scenario in my own environment.

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