Interest note after payment received

(1) Share

Report

Posted on by mama2mjr

I need to create an interest note for an invoice that has finally been paid. We are using the following calculation: invoice amount x 7% / 365 * days late = interest fee. How do I set up the interest codes and properly set the parameters to create an interest note?

I have the same question (0)

All responses (1)

Answers (0)

Suggested answer

RudyZhang Microsoft Employee on at

Like (0)

Report

Hi,

Regarding your request to create an interest note for an invoice that has already been paid is feasible

According to the official Microsoft documentation, you can create an interest note by following these steps.

The link to the documentation is as follows
https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/tasks/process-interest#calculate-interest

In addition, the following official Microsoft document details how to Set up interest rates for an interest code and provides three examples: percentage based, amount based and range based.
The link to the document is as follows
https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/set-up-interest-rates-interest-code

I hope my answer is helpful to you! If you have any other questions, please feel free to contact me.

Best Regards,
Rudy Zhang

Was this reply helpful? Yes No