Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

Interest note

If collection  letters are sent out and the customer still does not pay, the company may want to charge interest on the late payments. For each interest calculation, a fee can be charged and is added to a customer. To create an interest code, navigate to Credit and collections | Interest | Set up interest codes, as shown in the following screenshot:

Assume that a customer has a past due invoice on January 3 and the accounts receivable accountant runs the interest notes process: navigate to Credit and collections | Interest | Create interest notes.

An interest calculation dialog will pop up, as shown in the following screenshot: ...