Related topics
This panel displays the interest rates that have been defined in your system per country.
Options
- Country
- Displays the country code and description.
- From date
- This column displays the date from which the interest rates are valid.
- Debit rate
- This column displays the interest percentage that a debtor from this country will be charged for late payment.
- Credit rate
- This column displays the interest percentage to be credited to a customer for your late payment of credit notes.
Work with interest rates (GDMD10704)
On this panel you enter the interest rate details.
- Country
- Displays the country code.
- From date
- This field together with the country code defines the unique code that will identify the new record you are creating. Enter the date from which the debit and credit rates should apply. If you maintain an existing record this field cannot be changed.
- Debit rate
- Enter the interest percentage that a debtor from this country will be charged for late payment. This information is used only in the A/R. The rates you enter apply for different periods depending on the interest calculation you have selected in the Interest rule table.
Interest calculation code Description Interest debit rate 1 charged per day yearly rate 2 charged per week weekly rate 3 charged per month monthly rate 4 one time charge fixed rate
- Credit rate
- Enter the interest percentage to be credited to a customer for your late payment of credit notes. This information is used only in the A/R. The rates you enter apply for different periods depending on the interest calculation you have selected in the Interest rule table.
Interest calculation code Description Interest credit rate 1 charged per day yearly rate 2 charged per week weekly rate 3 charged per month monthly rate 4 one time charge fixed rate
Work with interest rates, Copy (GDMD10705)
- Country
- Displays the country code and description.
- From date
- Displays the date from which the interest rates you selected to copy are valid.
- New from date
- Enter the new date from which the interest rates you are defining are valid.