Hi ,
Is there any default functionality in navision to caluclate interest for overdue balances amount of customer. How to assign interest percentage for over due amount.
Thanks & Regards
Have a look into the Finance Charge Terms (Administration - Financial Management - Finance Charge Terms). I think that is what you are looking for.
From the help files:
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Use the Finance Charge Terms table to set up the conditions for finance charge calculations…
… Finance charges can be calculated using either the average daily balance method or the balance due method…
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