Late Payment Surcharges (tcmcs0111m000)

Use this session to maintain late-payment surcharges.

You can link late-payment surcharges to an invoice-to business partner in the Invoice-to Business Partners (tccom4112s000) session.

The Tax is calculated over the net goods amount + late-payment surcharge. If several tax percentages apply to one order, the late-payment surcharge is distributed proportionally over the tax percentages.

Example

Net goods amount: 1000.00

Late-payment surcharge 2% = 20.00

Resulting payable amount: 1000.00 + 20.00 = 1020.00

Tax 18,5 % of 1020.00 = 188.70

Total payable amount including tax: 1020.00 + 188.70 = 1208.70

 

Late Payment Surcharge
The percentage that is charged over the goods amount or over rendered services that the recipient of the invoice must pay if the invoice is not paid within a specified period.
Number of Days
The number of days after the invoice due date during which the invoice-to business partner does not need to pay the surcharge.

On payment after this period, the invoice-to business partner must pay the invoice amount + the late payment surcharge + tax over both.

Percentage
The percentage of the invoice amount that the invoice-to business partner must pay as a surcharge if the invoice is not paid within the stated period.