Interest Invoicing Parameters (tfacr5101m000)

Field Information

Effective Date

The date and time that the interest invoicing parameters are valid. The parameters are valid up to the effective date of a more recent parameter setting.

Interest Invoice Options

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

The code of the reference currency in which the interest invoice is expressed.

Interest Invoice Selected Based On

Specify the entity based on which the interest must be charged on the invoice.

Allowed values

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 based on which the interest must be calculated.

Allowed values

360 days

365 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 is calculated on the interest invoice.

Interest on Advance / Unallocated / Credit Notes

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

Payment/Tax Options

Business Partner's Payment Terms

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

Payment Terms

The code of the payment terms that is used for the interest invoices.

Note: This field is enabled only if the Business Partner's Payment Terms check box is cleared.

Common Tax Code

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

Tax Code

The tax code that is used for the interest invoices.

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