(BRA) Calculate interest and fines on customer payments [AX 2012]

Updated: January 30, 2013

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

You can apply interest and fines on customer payments that are delayed. The interest and fine amounts that apply to a payment can be calculated when you receive a payment from a customer. Before you calculate interest or fine codes for customer payments, you must set up a list of bank holidays and national holidays. A holiday date that is set up in the Payment calendar form is considered a non-working day. If an invoice is due on a non-working day, the due date moves to the next working day in the calendar, and the interest and fines are calculated accordingly. For more information, see the “Set up a payment calendar and payment calendar rules” section in (BRA) Set up interest and fines for customer payments. The interest and fine amounts can be calculated in two ways:

  1. Click Accounts receivable > Journals > Payments > Payment journal. Select the customer account for which the customer invoice was paid late. Click Lines.

  2. In the Journal voucher form, click Edit customer payments.

  3. In the upper pane, enter customer payment information, if appropriate.

  4. In the lower pane, select the Mark check box next to the invoice to mark for payment.

  5. Enter amounts in the Fine amount and Interest amount fields.

  6. Close the form.

  7. In the Journal voucher form, click Functions > Settlement to open the Settle open transactions form.

  8. Select the Mark check box next to the invoice to mark for payment.

  9. On the Payment tab, update the information in the following fields to calculate the interest and fine amounts:

    • Fine amount – The fine amount to charge on the payment line in the transaction currency.

      NoteNote

      You can enter the fine amount manually, or you can use a fine code to calculate it automatically.

    • Fine amount in %1 – The fine amount in the payment currency.

    • Fine code – The fine code for the automatic calculation of the fine on the payment line.

    • Interest amount – The interest amount to charge on the payment line in the transaction currency.

      NoteNote

      You can enter the interest amount manually, or you can use an interest code to calculate it automatically. Interest is calculated only when the date of the payment line is after the due date of the invoice in the Journal voucher form.

    • Interest amount in %1 – The interest amount in the payment currency.

    • Interest code – The interest code for the automatic calculation of interest on the payment line.

  10. Close the form.

  11. In the Journal voucher form, click Payment proposal > Edit payment proposal to open the Customer payment proposal form.

  12. Click the Payment tab to calculate the interest and fine amounts to charge on the payment line. In the Interest amount and Fine amount fields, you can modify the interest amount and fine amount.


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