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Dynamics 365 Community / Forums / Microsoft Dynamics 365 | Integration, Dataverse... / Interest note after pa...
Microsoft Dynamics 365 | Integration, Dataverse...
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Interest note after payment received

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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?
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  • Suggested answer
    RudyZhang Profile Picture
    RudyZhang Microsoft Employee on at
    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

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