Interest Journals Help

Debtors> Activity> Interest Transactions> Add

This utility will calculate and create a Debtor Journal for each debtor that is Checked to have interest charges against them for outstanding balances.

The interest is calculated per age period per debtor for the outstanding amount per age period.

The interest percentage is setup on the Debtor Master Detail window.

Debtor From	Select the from debtor. (The From and Toto can be left blank to include all debtors)
Debtor To	Select the to debtor.
Billing Group	A selectable value from a dropdown to create journals for a specific debtor billing group.
Aging Date	This is the date that the aging for the debtors will be based on.
Description	Enter a description.
Currency	Select the currency from the drop down.
Reference	Enter a reference
Transaction Date	This is the actual transaction date for the debtor journal.
Long Description	Enter a description regarding the interest journal.
Standard Tab has four buttons
Pre-Process Report	Pre-process runs the journal calculations but does not process the actual transaction, this allows for assessment and scrutiny before actually processing the interest journals.
Process	Actually run debtors interest utility.
Close button	Closes the window.
Print button	Print debtor’s interest run report