Navigating the form

Invoice

Select this check box to calculate interest on invoices.

Credit note

Select this check box to deduct credit notes to the customer before the calculation.

Payment

Select this check box to deduct payments from the customer before the calculation.

If this check box is selected, the program calculates on the basis of values in the Credit %and Credit calculation perfields on the Interest form.

Interest

Select this check box to calculate interest on previous interest notes (compound interest).

From date

Enter a starting date for the calculation, which then includes transactions that are due on or after this date.

If you want to calculate interest on all transactions, do not enter a date in this field.

To date

Enter an ending date for the calculation, which then includes transactions that are due on or before this date.

Round-off

Enter the general unit for rounding off the interest notes being generated, for example, 0.10 for rounding to the nearest tenth, or 1.00 for rounding to the nearest whole unit.

Use posting profile from

Select Accountto use the posting profile from the relevant customer account for each interest note, or select Selectto indicate a posting profile in the Posting profilefield.

Posting profile

If you selected Selectin the Use posting profile fromfield, select the posting profile you want to use for interest notes.