| Interest invoicesYou can generate interest invoices for paid
invoices, partially paid invoices, and unpaid invoices. In addition, after you
generate and send an interest invoice, you can generate a subsequent interest
invoice for the next period. To set up interest invoicing You can set up interest invoicing in Accounts Receivable and
in the General Ledger. To set up interest invoicing, use these sessions: Invoice-to Business Partner (tccom4112s000) For invoice-to business partners for which you want to raise
interest invoices, select the Charge Interest check box. Mapping Scheme (tfgld4573m000) Interest Percentages (tfacr5102m000) Interest Invoice Related Data (tfacr5101s000) Use this session to define whether interest must be calculated on unpaid
invoices, partly paid invoices, interest invoices, and/or fully paid invoices.
You can also indicate that LN must take advance payments, unallocated payments,
and credit notes into account for the generation of interest invoices. Optionally, set conditions Example: LN only generates an
interest invoice advice entry if these conditions are met: - The total of all
advice entries in one currency is higher than the allowed minimum amount of an
interest invoice defined in the Minimum Amount for Interest Invoice field.
- The invoice is
overdue for a greater number of days than the number of days defined in the Minimum Days for Interest Invoice field.
To process interest invoices To generate interest invoices: -
In Accounts Receivable, use these sessions: Select Inv.-to BP Receipts for Interest Invoices (tfacr5210m000) Use this session to select invoices for which interest invoices can be
generated and calculate the interest amounts according to the parameter
settings of the Interest Invoice Related Data (tfacr5101s000) session. Interest Invoice Advice (tfacr5510m000) You can use this session to view the selected interest
invoicing data, and delete some records if this is necessary. Transfer Interest Invoices to Invoicing (tfacr5220m000) Use this session to transfer the interest invoice advice from Accounts Receivable to Invoicing.
When you transfer the interest invoices to Invoicing, LN deletes the interest
advice lines from Accounts Receivable.
See: Invoicing procedure. If interest invoices for the business partner already exist in Invoicing that have the Printed or Posted status, LN generates a new
interest invoice. If a previous interest invoice with the Selected status exists for the business partner in Accounts Receivable, LN changes the existing
interest invoice to include the new number of days and the new interest amount. When you post the interest invoices, LN creates open entries
for the interest amounts in Accounts Receivable. The interest invoices are
posted to the ledger accounts to which you mapped the Interest Invoice / Revenues Analysis integration document
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