You use four forms in the Accounts receivablemodule to set up interest calculations.

1. Click Accounts receivable> Setup> Parameters .

2. On the Interest and collection lettertab, in the Interest calculationfield, select the transactions for which you want to calculate interest.

3. Select or clear the Multiple interest ratescheck box.

4. Click Accounts receivable> Setup> Interest and collection letter> Interest .

5. Create interest codes with interest calculations.

   For each interest code, enter values in relevant fields on the Setupand Terms of interesttabs. You can change the default values that appear in some of the fields. For more information about the fields, see Interest setup (form).

6. Click Accounts receivable> Setup> Posting profiles .

7. For each customer posting profile that you want to set up interest calculations for:

   1. On the Table restrictionstab, select the Interestcheck box.

   2. On the Setuptab, select a value in the Interest codelookup field.

8. Click Accounts receivable> Setup> Forms> Form setup .

9. On the Interest notetab, enter values in the relevant fields about the format of company interest notes.