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Interest reverse /Waive /Reinstate

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Posted on by Sylvia Dixon

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Hi All,

When you reverse/Waive/ or Reinstate an interest note does it posted in the g/l in the current month you posted ir or does it posted in previous months. For example I tested waive, reinstate and reverse interest note and I reviewed the GL to make sure the interest was correct and the date was the date of the interest invoice

Journal numberVoucherDateYear closedLedger accountAccount nameDescriptionCurrencyAmount in transaction currencyAmountPosting typePosting layer

GJTRANS000804966	INTV000000007	4/21/2020	No	121010--CUS004307-----	AR, Trade	Interest INT000000003	USD	22.38	22.38	Customer balance	Interest invoice
GJTRANS000804966	INTV000000007	4/21/2020	No	800170--CUS004307-----	Interest, income	Interest INT000000003	USD	-22.38	-22.38	Customer interest	Interest invoice

Journal number	Voucher	Date	Year closed	Ledger account	Account name	Description	Currency	Amount in transaction currency	Amount	Posting type	Posting layer
GJTRANS000806451	FTCNV002224	4/21/2020	No	121010--CUS004307-----	AR, Trade	Credit note FTCN002224	USD	-22.38	-22.38	Customer balance	Wavie
GJTRANS000806451	FTCNV002224	4/21/2020	No	800170--CUS004307-----	Interest, income	Credit note FTCN002224	USD	22.38	22.38	Customer revenue	Wavie

Journal number	Voucher	Date	Year closed	Ledger account	Account name	Description	Currency	Amount in transaction currency	Amount	Posting type	Posting layer
GJTRANS000806452	FTIV000149	4/21/2020	No	121010--CUS004307-----	AR, Trade	Invoice FINV000000149	USD	22.38	22.38	Customer balance	Reinstate
GJTRANS000806452	FTIV000149	4/21/2020	No	800170--CUS004307-----	Interest, income	Invoice FINV000000149	USD	-22.38	-22.38	Customer revenue	Reinstate

Journal number	Voucher	Date	Year closed	Ledger account	Account name	Description	Currency	Amount in transaction currency	Amount	Posting type	Posting layer
GJTRANS000806453	FTCNV002225	4/21/2020	No	121010--CUS004307-----	AR, Trade	Credit note FTCN002225	USD	-22.38	-22.38	Customer balance	Reverse
GJTRANS000806453	FTCNV002225	4/21/2020	No	800170--CUS004307-----	Interest, income	Credit note FTCN002225	USD	22.38	22.38	Customer revenue	Reverse

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Ludwig Reinhard Microsoft Employee on at

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Hi,

It should be the same date the interest was originally posed.

Can you double check and test this in a demo/test environment and confirm that behavior in your system?

Best regards,

Ludwig

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Sylvia Dixon 179 on at

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Hi Ludwig,

My questions is if I create interest note in May and waive/ reinstate / reverse it in June would D365 post the transaction in June or May ?

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Marianw on at

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Hi Sylvia,

Thank you for using Dynamics 365 Finance Communities.

Interest note Reversals will use the posting date of the Interest note.

In this example, if the Interest note was posted in 1/1/2020, then the reversal will be posted in 1/1/2020 as well similar to the example below:

Original Interest note posting date 1/1/2020

Reversal posting date is 1/1/2020 (NOTE: system date is 5/5/2020)

The same applies even if you run the reversal process in a different period (system date). The system will still use the original posting date of the Interest note for the reversal posting date.

In your example, if the Interest note was posted in May and the reversal is processed in June, the reversal date will still be in May as this is when the interest note was posted.

Hope this helps. If your question has also been answered, please help mark the thread as answered.

Regards,

Marian Wrice

SR Support Engineer

Dynamics 365 Finance

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Ludwig Reinhard Microsoft Employee on at

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Hi Sylvia,

As Marian explained in detail, your note would be waived ... with a posting date May.

This necessitates that May is still open for generating postings.

Best regards,

Ludwig

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Community Member on at

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Hi,

the problem is previous accounting period is closed.

i tried to reverse interest note.

system did not post any credit notes notifying that period is closed BUT when i generate new interest note i see that all previous interests are cancelled and system calculates again the interest on the previous period.

how to handle that?

i still have all the previous interest invocies valid but new calculation is done like they were cancelled.

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