Customer interest range (form) [AX 2012]

Updated: March 31, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Accounts receivable > Setup > Collections > Interest. Click Ranges.

Use this form to enter interest ranges by invoice amount or overdue time that has accrued.

NoteNote

This form is available only if Single rate is selected in the Interest type field in the Interest form, and Amount, Days, or Months is selected in the Interest by range field.

The following tables provide descriptions for the controls in this form.

Button

Description

New

Create an interval.

Delete

Delete the selected interval.

Field

Description

From value

Enter a value, which can be an amount, day, or month, depending on your selection in the Interest by range field in the Interest form:

  • If you selected Amount, enter the lowest invoice amount that will be charged this interest rate. For example, if you enter 1000, invoices with amounts of 1000.00 will be charged the specified interest rate until the next interval is reached.

  • If you selected Days, enter the first day that the interest rate will be charged. For example, if you enter 30, the interest rate will be charged on invoices that are 30 days late until the next interval is reached.

    NoteNote

    Interest is calculated using the interval that is specified in the Calculate interest every field in the Interest form. For example, if you enter 30 in the From value field in this form, and the next interval is set to 90 days with interest set to calculate every 15 days, interest will be calculated on days 30, 45, 60, and 75. If the invoice is 90 days late, the new interest rate will be charged on day 90.

  • If you selected Months, enter the first month that the interest rate will be charged. For example, if you enter 3, the interest rate will be charged on invoices that are three months late until the next interval is reached.

    NoteNote

    Interest is calculated using the interval that is specified in the Calculate interest every field in the Interest form. For example, if you enter 3 in the From value field in this form, and the next interval is set to six months with interest set to calculate every month, interest will be calculated in months 3, 4, and 5. If the invoice is six months late, the new interest rate will be charged in month 6.

Interest value

Specify the percentage or amount to use in the interest calculation when the invoice values fall in the selected range interval. The value that you enter must be greater than zero.


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