It is possible to calculate the late charge in batch. It is required to use the "Batch Late Charge Application" option in the Operations menu in Sales Management. The Sales Late Charge Invoice is generated according to the other related filters for the filtered AR/AP.
The filter lines specify how the calculation is made. These filter options are as follow:
Filter | Value |
|---|---|
Defaults | |
Invoice Date | Date Selection |
Organizational Unit | Unit Selection |
Filters | |
AR/AP Code | Group / Range |
AR/AP Description | Group / Range |
Transaction Date | Start / End |
Debt Closing | No Proceeding / Close Outstandings / Close All |
Update | Updated / Debt Closing |
Consider Option Dates | Yes / No |
Late Payment Interest Rate | Group / Range |
Early Payment Interest Rate | Group / Range |
Reference Date | Start / End |
Consider Overdue Debts Closed on Reference Date | Yes / No |
Currency | Unit Options |
AR/AP: The late charge is generated for the AR/AP selected in the filter.
Transaction Currency: The transaction currency in which the late charge will be applied is selected in this field.
Update:
- Updated
- Debt Closing
If the "Updated" option is selected in this field, the report is received without performing any transaction through the debt tracking window.
When the "Debt Closing" filter is selected, all transactions are closed by the date in the Transaction Date filter in the report and by the selection in the "Debt Closing" filter, and the resulting balance is reset with a reverse line in the same amount.
Debt Closing:
- Do Not Proceed
- Close Outstandings
- Close All
If the "No Proceeding" option is selected, the report is received without performing any transaction for the debt tracking window. If the "Close Outstandings" option is selected, the report can be received by closing all transactions that are not closed in debt tracking window. When "Close All" is selected, all transactions are closed by the FIFO method regardless of the closing transactions in the debt tracking window.
Transaction Date: The transactions performed in the date range given in this filter are considered while calculating.
The OK button is clicked after specifying the required conditions in the filter lines. The late charge is calculated by the filter values for the selected AR/AP in order.
If there is a late charge when the calculation is made for the first AR/AP, the "The calculated late charge will be transferred to the invoice." message is displayed on the screen. If the message is approved, the late charge invoice will be displayed on the screen and saved. This transaction is performed for all AR/AP selected.