Hi!
Using Dynamics 365 Business Central, I'm attempting to setup the Finance Charge Terms to calculate interest due on overdue customer receivables.
The difficulty I'm having is that the interest rate increases on a month by month basis as follows:
>30 days interest at 1%
>60 days interest at 2%
>90 days interest at 3%
>120 days interest at 4%
>150 days interest at 5%
i.e. the interest rate increases by 1% every 30 days up to 5%.
Is this possible to achieve in NAV and if so can anyone explain how it is done?
Many thanks!
Jonathan
