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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / including interest in ...
Microsoft Dynamics AX (Archived)

including interest in the payment schedule on a sales order

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Posted on by Community Member

Dear,,

I am using dynamics ax 2012 r3 and am selling an item with installments on 12 months payment with interest 2.0% monthly i already created a payment schedule , interest code and connected it to the customer posting profile what happens is when i calculate interest after invoicing the interest is calculated on the fixed payments from the payment schedule so it only match my calculations for the 1st payment only, i want the calculation and payment be as follows: the item price is 575000$

present value monthly payment annual rate interest Principle
           575,000.00                       54,371.77 24.000%            11,500.00                                42,871.77
           532,128.23                       54,371.77 24.000%            10,642.56                                43,729.20
           488,399.03                       54,371.77 24.000%               9,767.98                                44,603.79
           443,795.24                       54,371.77 24.000%               8,875.90                                45,495.86
           398,299.38                       54,371.77 24.000%               7,965.99                                46,405.78
           351,893.60                       54,371.77 24.000%               7,037.87                                47,333.90
           304,559.70                       54,371.77 24.000%               6,091.19                                48,280.57
           256,279.13                       54,371.77 24.000%               5,125.58                                49,246.19
           207,032.94                       54,371.77 24.000%               4,140.66                                50,231.11
           156,801.83                       54,371.77 24.000%               3,136.04                                51,235.73
           105,566.10                       54,371.77 24.000%               2,111.32                                52,260.45
              53,305.65                       54,371.77 24.000%               1,066.11                                53,305.65

what i get on my setup is:

Voucher Date Invoice Due date Origin Amount of interest Interest Adjustment status General journal number Write off
BACT-10027376 10/16/2017 SO2014-000016243 11/16/2017 47,916.67 11,500.00 Yes None BACT-148293 0.00
BACT-10027376 10/16/2017 SO2014-000016243 12/16/2017 47,916.67 10,541.67 Yes None BACT-148294 0.00
BACT-10027376 10/16/2017 SO2014-000016243 1/16/2018 47,916.67 9,583.33 Yes None BACT-148295 0.00
BACT-10027376 10/16/2017 SO2014-000016243 2/16/2018 47,916.67 8,625.00 Yes None BACT-148296 0.00
BACT-10027376 10/16/2017 SO2014-000016243 3/16/2018 47,916.67 7,666.67 Yes None BACT-148297 0.00
BACT-10027376 10/16/2017 SO2014-000016243 4/16/2018 47,916.67 6,708.33 Yes None BACT-148298 0.00
BACT-10027376 10/16/2017 SO2014-000016243 5/16/2018 47,916.67 5,750.00 Yes None BACT-148299 0.00
BACT-10027376 10/16/2017 SO2014-000016243 6/16/2018 47,916.67 4,791.67 Yes None BACT-148300 0.00
BACT-10027376 10/16/2017 SO2014-000016243 7/16/2018 47,916.67 3,833.33 Yes None BACT-148301 0.00
BACT-10027376 10/16/2017 SO2014-000016243 8/16/2018 47,916.67 2,875.00 Yes None BACT-148302 0.00
BACT-10027376 10/16/2017 SO2014-000016243 9/16/2018 47,916.67 1,916.67 Yes None BACT-148303 0.00
BACT-10027376 10/16/2017 SO2014-000016243 10/16/2018 47,916.63 958.33 Yes None BACT-148304 0.00

where 47916.63 is the monthly payment based on the payment schedule 

i would love to calculate payment schedule and interest at the same time 

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I have the same question (0)
  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi mohamed_salah,

    To my knowledge the separation of a payment amount into a principal and interest amount is not supported in the standard application. I have seen some ISV solutions and system modifications that can handle that but you won't get this out of the box in standard AX.

    Best regards,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    Hi Ludwig,

    Thanks for your response could you recommend me an ISV Solution that can do that

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Mohamed_salah,

    I won't do that because I might be biased.

    You can take a look yourself at the available finance solutions on the AppSource site appsource.microsoft.com/en-us

    In addition, or as an alternative, you can search the following site for a Partner Company www.microsoft.com/.../search

    Best regards,

    Ludwig

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