Interest setup (modified form) [AX 2012]

Updated: September 13, 2012

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

Click Accounts receivable > Setup > Collections > Interest.

Use this form to set up and manage interest codes. Interest codes contain settings that determine when interest is charged and how it is calculated on overdue accounts. You can set up a single interest code and apply it to multiple customer posting profiles or to specific invoice lines. When the interest code details are changed, the posting profiles and invoice lines that use the code automatically implement the changes on new transactions.

Caution noteCaution

The controls that are described in this topic apply only to your country/region. For full documentation of this form, see the following topic or topics:

Interest setup (form)

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

FastTab

Description

Payment calendar options

For the selected interest code, select the payment calendar and the information to include when you calculate due dates for payments. You can also specify when to start interest calculations.

These options are applicable only if you use payment calendars. For more information, see About payment calendars.

Field

Description

Payment calendar

Select the payment calendar to use to recalculate payment due dates that are set on non-business days. For more information, see About payment calendars.

Include state/province holidays

If this check box is selected, the regional holidays that are associated with the calendar that is selected in the Payment calendar field are considered when you calculate payment due dates. For more information, see About payment calendars.

Include only business days in grace period

If this check box is selected, the calculated grace period includes only business days. Non-business days, such as holidays and weekends, are not included. For more information, see About payment calendars.

Start interest calculation

Select whether interest calculations start on the calculated due date, or on the previous day or next business day. For more information, see About payment calendars.


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