(POL) Set up interest codes [AX 2012]

Updated: February 14, 2013

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

Use this procedure to set up and maintain interest codes. Interest codes contain settings that determine when interest is charged and how it is calculated on overdue accounts.

NoteNote

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

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

  2. In the Interest code field, enter a unique code to use to calculate interest.

  3. In the Description field, enter a description of the interest code.

  4. On the Earnings tab, in the Ledger posting debit field, select the ledger account number for interest earnings.

  5. On the Payments tab, in the Ledger posting credit field, select the ledger account number for interest payments.

  6. In the Grace period field, enter the number of days after which interest is calculated.

    NoteNote

    The interest is calculated from the payment date.

  7. On the Earnings tab and on the Payments tab, in the Monthly interest %field, enter the tax interest rates.

    NoteNote

    For more information, see Interest (form).

  8. Press CTRL+S or close the form.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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