(BRA) Interest codes (form)

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

Click Accounts receivable > Setup > Payment > Interest codes.

–or–

Click Accounts payable > Setup > Payment > Interest codes.

Use this form to create interest codes that are used to calculate interest on customer or vendor fiscal documents if the payments are delayed.

Tasks that use this form

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

Tab	Description
Setup	Enter or update the rates and terms for the selected interest code.

Field	Description
Interest code	Enter an identification code for the interest.
Description	Enter a description for the interest code.
Interest %	Enter the interest percentage that applies to the interest code.
Interest calculation per	Enter the number of days or months that the interest code applies to. The value in this field is based on the period that you select in the Day/Mth field.
Day/Mth	Select the period that the interest code applies to.
Days	Enter the number of days for the grace period. The interest is calculated after the specified number of grace period days from the payment due date have elapsed.