You can define the holiday dates on which interest is not calculated in the Calendar of the free daysform.
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Click Accounts receivable> Setup> Interest and collection letter> Calendar of the free days.
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Press CTRL+N to create a new line.
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In the Date of holidayfield, select the date on which the interest is not calculated.
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In the Day offfield, enter a description for the holiday date.
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In the Weekdaysfield, view the day of the week for the selected date of holiday, on which the interest is not calculated.
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Press CTRL+S or close the form.