Hi,
The requirement is to calculate interest at 1.25% / month.
Conditions: 15 days grace period.
Eg. Payment terms is 30 days
and Payment is received on 50th Day. Then interest should be only charged for 5 days. i.e 50 - 30 (terms) - 15 (grace days) = 5.
I have tried to setup a code as a single rate with 15 grace days.
Output/Result:
Till 15 days no interest note is created.
But on 16th day interest note is created for 16 days calculated interest. I would it to be created just for 1 day.
Thanks,
Harshal
Nope, still no solution
Hi,
any solution on this topic?
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