Creditors Interest charge Menu
Supplier interest charge
Creditors Interest setup
Before using Creditors Interest ensure all setups are completed first
GL Links Setup
Setting up the GL Links in System Configuration
Links Tab
Setup a Supplier Interest Link
Group Tab
Setup the Supplier Group
Group Link Tab
Link with the group together
Company Profile GL Links
Link the Company profile with the interest charge
Creditors setup for interest
Setup the various Creditors for interest
Search for the Creditor that you want to setup
Edit the Creditor and go to Acct Details tab, click on Interest button
| Activate Interest | Click on Activate Interest on this Creditor to run interest on |
| Minimum Amount | Specify a minimum amount that interest should start charging on |
| Period | Specify a period great than Current in order for interest to be calculated |
| Interest Rate | Enter a value for the interest rate |
Creditors interest Journal
Run the Creditors interest transaction journal
This will run an interest run for all creditors that are activated with creditors interest tick on.
One can run a pre-interest run to work out which journals you want to process.
Found in the Creditors Module> Activity
Add Creditors interest journal
Click on Add to prepare the creditors interest journal
| Buttons | Details |
| Pre-process Report | Run a report in the grid to see what journals will be processed |
| Process | Process the selected interest journals |
| Print the report on Pre-processed or processed journals | |
| Select All | Select all the journals to be processed in the grid |
| Unselect All | De-Select all the journals not be processed in the grid |
| Interest Journal | Details |
| Creditors From and To |
Filter by Creditors from and to Blank, means all |
| Billing Group | Filter by Billing group of aging |
| Description | Enter a description here to appear on all journal descriptions |
| Ageing Date |
This date is used to work out the ageing values to be posted Important date for transaction calculations |
| Reference | Enter a reference to appear on all journals |
| Currency | Filter by currency |
| Transaction Date | The date that the creditors journals will be posted on |
| Notes | Add notes for all journals |
Creditors Interest Print
Creditors Interest History search
Search for processed creditors Interest journals
