How to Calculate Interest on "Overdue" Receivables based on Net Due Date

2 months ago 53

Dear Experts,

Good day. I privation to cipher involvement connected AR debit unfastened items based connected nett owed date. Currently I person configured Prepare Item Interest Calculation based connected Baseline Date. However, from a layman's viewpoint (not definite if conscionable applies successful our country), involvement is computed erstwhile a receivable is "overdue", truthful the notation day should beryllium the nett owed date. However I can't find the nett owed day from the database of notation owed dates successful the configuration, arsenic per the 1st screenshot below. Is determination immoderate mode successful the configuration to conscionable my goal?

Cel_Marasigan_0-1723138955889.png

Here are my illustration receivables for involvement calculation:

Cel_Marasigan_1-1723139103761.png

Here is the illustration computation:

Cel_Marasigan_0-1723139653169.pngThank you precise much.

Warm regards,

Cel

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