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What is Interest Invoice and how it can be created?



What is Interest Invoice and how it can be created?..

Answer / latha ummalaneni

Intrest on invoice in payables can be caliculated by system.
Steps.
In the Payment Interest Rates window
setup>payments>intrest
you define interest rates Payables uses to calculate and
pay interest on overdue invoices. Payables calculates
interest on overdue invoices only if you enable both the
Allow Interest Invoices Payables option and the Allow
Interest Invoices option for the supplier of an invoice.

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