Hi Everyone,
Interest calculating double, if the payment and reversal both were done after the due date(after the grace period)
Below is the sample
| Account number |
Invoice |
Amount |
Invoice date |
due date |
| CUS00001 |
INV-241426 |
47.52 |
07/07/2017 |
21/07/2017 |
The Settlement date[Payment done through Payment journal] is : 29/07/2017
Payment Reversed date : 30/07/2017
[1. Closed transaction editing > Select invoice > reverse. and 2. Customer Transactions > select payment line(-ve amount)> click on Reverse transaction]
When I am trying to generate interest note with the following parameters, the interest note generated with double interest amount
Actual value : Origin = 95.04 ; Amount of interest = 0.96
Expected value: Origin = 47.52 ; Amount of interest = 0.48
Please note that the AR parameters setup for interest calculation is: "Open and closed"
Interest percentage: Monthly, 1%
Grace period setup as 6
I would like to know, is the expected value correct or not? If yes, why system calculating double interest amount.
Kindly help on this.
Regards,
Bhavya
