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#50752 - 11/10/14 02:52 PM Calculating AR Interest
Miriam
Member


Registered: 11/10/14
Posts: 2
Loc: Canada
Interest on overdue AR amounts has been calculated manually and they can no longer do this because their clients have increased.

When using the AR Interest calculation it is calculating the interest from the first year they started using the system. They wanted AR to calculate only for a particular financial year. How can we make AR to calculate only interest on overdue invoices for a specific period?

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#50753 - 11/10/14 02:53 PM Re: Calculating AR Interest [Re: Miriam]
Jay Converse Administrator
Member


Registered: 07/31/00
Posts: 7536
Loc: Location, Location
Let it run up to the current period, then delete the batches.
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Jay Converse
Sage 300 Whisperer

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#50754 - 11/10/14 02:55 PM Re: Calculating AR Interest [Re: Miriam]
Ettienne
Member


Registered: 06/28/02
Posts: 3614
Loc: Orlando, Florida USA
Run a dummy calculation up the the end of last year - you need to do this once so that the systems thinks that it has been done. Then you can do a real interest calculation for the desired period.
_________________________
Sage 300 ERP Certified Consultant

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#50755 - 11/10/14 03:08 PM Re: Calculating AR Interest [Re: Ettienne]
Miriam
Member


Registered: 11/10/14
Posts: 2
Loc: Canada
Thanks, we'll try that!
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#53011 - 04/16/17 06:16 PM Re: Calculating AR Interest [Re: Miriam]
Ceanne
Member


Registered: 03/20/13
Posts: 3
Loc: Malaysia
I tried the steps as mentioned i.e. do an Interest run up to a particular month to generate a dummy batch ( which I did not post ), and then do another run for the current month - but it did not work.

The system still calculates the interest from the very beginning for the second run.

However it works if I post the dummy batch first and then do the second run.

I'm using Sage 300 ERP V2012.

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