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  • January 5, 2007 at 1:46 pm #11627
    JMacNeil
    Participant

    AR Interest calculation. We setup all accounts under Newviews>Accounts>accounts Receivable>default trade information we set to 2% after 365 days. Under spacific accounts Newviews>Accounts>accounts Receivable>customer>default trade information> we set up 30 days and 2%. Our client only wanted onterest charged on specific accounts. Do both default setups have to be the same? Will the system calculate the interest automatically? Doe it calculate interest at the end of the month on overdue accounts or on specific invoices. Doe we have to enter a cross account if the interest is calculated automatically.

    John MacNeil CMA

    January 8, 2007 at 11:35 pm #13519
    MSchappler
    Moderator

    Currently NV2 is not calculating interest. The first version of NV2 to include interest will be 2.09 which is due to be realeased by the end of January 2007.

    I believe the interest script to be added will behave much like the NV1 Interest procedure.

    Regards,

    Martin

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