Interest Invoice Related Data (tfacr5101s000)

Use this session to maintain interest invoice parameters.

You must define the minimum number of days and the minimum amount exceeding, which interest is charged on invoices.

If you select the Business Partner's Payment Terms check box, LN selects the payment terms.

If you do not select the Business Partner's Payment Terms check box, you must specify the payment terms.

Field Information

Minimum Days for Interest Invoice

The minimum number of days (between the payment date and the due date), for which the interest is charged.

Delayed payment is selected for interest invoice generation if the payment date minus the due date is greater than or equal to the minimum number of days for the interest invoice.

Minimum Amount for Interest Invoice

The minimum amount to generate interest invoice. The amount is expressed in the home currency.

Delayed receipts from an invoice-to business partner are selected for interest invoice generation, if the total interest amount is greater than or equal to this amount.

Reference Currency

reference currency

Interest Invoice Selected Based On

Allowed values

Interest can be charged on:

  • Fully Paid Invoices
  • Partly and Fully Paid Invoices
  • Paid and Unpaid Invoices
  • Unpaid Invoices
Number of Days For Interest Calculation

The number of days in a year on which you want to base the interest calculation.

The options are:

  • 365 days
  • 360 days
Interest Invoice Interval

The interval post which the interest invoice is calculated, expressed in days.

Interest on Interest Invoice

If this check box is selected, the interest on interest invoice is calculated.

Interest on Advance / Unallocated / Credit Notes

If this check box is selected, the interest on advance, unallocated or credit notes is calculated.

Business Partner's Payment Terms

If this check box is selected, LN selects the payment terms from the invoice-to business partner data.

Payment Terms

The payment terms for the interest invoices.

You can specify the payment terms only if you do not select the Business Partner's Payment Terms check box.

Common Tax Code

If this check box is selected, the tax code is used for all invoices, including those for which a tax code was already specified.

Tax Code

The tax code for the interest invoices.

To apply this tax code to all invoices, including those that already have a tax code specified, select Common Tax Code.