Hi,
Anyone that know of any possibility to have multiple interest rates connected to the same customer no (=same subledger) in D365?
For instance, one interest rate covering too late payment of tax type 1 and another interest rate covering too late payment of tax type 2?
There seems to be a functionality for this in Business Central, by using finance charge terms.
Thanks for any feedback.
Hi,
You can use the multiple interest codes with the same customer or customers group.
Follow the below configuration to run the process:
1- Set the following parameters to be used for the interest calculation
Accounts receivable parameters > Collections > Interest and Fee
2- Credit and collections > Interest > Setup interest codes
Create the interest codes and assign the GL posting account
3-Assign the posting profile to customer groups
link the interest code with customer posting profile
4- test the scenario by creating the sales order with that particular customer group customer account.
As I recall, you can have multiple interest rates setup as part of your Collections process. I'm not entirely clear on how you want to charge interest to your customers, as I'm not sure you can tie the rates based on a tax code.
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