# 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

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/image.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/image.png)

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##### Links Tab

Setup a Supplier Interest Link

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/d7Aimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/d7Aimage.png)

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##### Group Tab

Setup the Supplier Group

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/7OBimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/7OBimage.png)

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##### Group Link Tab

Link with the group together

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/oJyimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/oJyimage.png)

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#### Company Profile GL Links

Link the Company profile with the interest charge

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/t24image.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/t24image.png)

# Creditors setup for interest

Setup the various Creditors for interest

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/mA1image.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/mA1image.png)

Search for the Creditor that you want to setup

Edit the Creditor and go to Acct Details tab, click on Interest button

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/4jYimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/4jYimage.png)

<table border="1" id="bkmrk-interest-details-act" style="border-collapse: collapse; width: 100%;"><colgroup><col style="width: 21.4198%;"></col><col style="width: 78.7038%;"></col></colgroup><tbody><tr><td>**Activate Interest**</td><td>Click on Activate Interest on this Creditor to run interest on</td></tr><tr><td>**Minimum Amount**</td><td>Specify a minimum amount that interest should start charging on</td></tr><tr><td>**Period**</td><td>Specify a period great than Current in order for interest to be calculated</td></tr><tr><td>**Interest Rate**</td><td>Enter a value for the interest rate</td></tr></tbody></table>

# 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 <span style="color: rgb(45, 194, 107);">**Creditors Module&gt; Activity**</span>

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/z5Iimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/z5Iimage.png)

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#### Add Creditors interest journal

Click on Add to prepare the creditors interest journal

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/HyWimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/HyWimage.png)

Buttons explained

<table border="1" id="bkmrk-buttons-details-%C2%A0" style="border-collapse: collapse; width: 100%;"><colgroup><col style="width: 25.1235%;"></col><col style="width: 75.0001%;"></col></colgroup><tbody><tr><td>**Buttons**</td><td>**Details**</td></tr><tr><td>**Pre-process Report**</td><td>Run a report in the grid to see what journals will be processed</td></tr><tr><td>**Process**</td><td>Process the selected interest journals</td></tr><tr><td>**Print**</td><td>Print the report on Pre-processed or processed journals</td></tr><tr><td>**Select All**</td><td>Select all the journals to be processed in the grid</td></tr><tr><td>**Unselect All**</td><td>De-Select all the journals not be processed in the grid</td></tr></tbody></table>

<table border="1" id="bkmrk-interest-journal-det" style="border-collapse: collapse; width: 100%; height: 294.344px;"><colgroup><col style="width: 25.0001%;"></col><col style="width: 75.1235%;"></col></colgroup><tbody><tr style="height: 29.7969px;"><td style="height: 29.7969px;">**Interest Journal**</td><td style="height: 29.7969px;">**Details**</td></tr><tr style="height: 57.7812px;"><td style="height: 57.7812px;">**Creditors From and To**</td><td style="height: 57.7812px;">Filter by Creditors from and to

Blank, means all

</td></tr><tr style="height: 29.7969px;"><td style="height: 29.7969px;">**Billing Group**</td><td style="height: 29.7969px;">Filter by Billing group of aging</td></tr><tr style="height: 29.7969px;"><td style="height: 29.7969px;">**Description**</td><td style="height: 29.7969px;">Enter a description here to appear on all journal descriptions</td></tr><tr style="height: 57.7812px;"><td style="height: 57.7812px;">**Ageing Date**</td><td style="height: 57.7812px;">This date is used to work out the ageing values to be posted

Important date for transaction calculations

</td></tr><tr style="height: 29.7969px;"><td style="height: 29.7969px;">**Reference**</td><td style="height: 29.7969px;">Enter a reference to appear on all journals</td></tr><tr style="height: 29.7969px;"><td style="height: 29.7969px;">**Currency**</td><td style="height: 29.7969px;">Filter by currency</td></tr><tr style="height: 29.7969px;"><td style="height: 29.7969px;">**Transaction Date**</td><td style="height: 29.7969px;">The date that the creditors journals will be posted on</td></tr><tr><td>**Notes**</td><td>Add notes for all journals</td></tr></tbody></table>

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#### Creditors Interest Print

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/qpMimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/qpMimage.png)

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#### Creditors Interest History search

Search for processed creditors Interest journals

[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/scaled-1680-/0ZWimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-10/0ZWimage.png)