Re: Balance Interest on month end valu

Hi Mukthar,

The calculation happens on the balance per day.

ex. If my opening balance is 10.00.

1.  On the 5th of the month there is a ct of 5.00.

     Then interest is calculated on the 5th for 5.00.

2.  Other documents becomes over due on the 20th for 20.00

     Then on the 20th the interest is calculated for 25.00

3.  On the 25th another ct for 5.00.

     Then on the 25th the interest is calculated for 20.00 again.

My client wants the interest to be calculated on the balance only on the last day of the period.

So for the above, only one interest will be calculated on the last day for the 20.00

This must happen on the AR customer accounts.

Regards,

Louise