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The "Post Specific Interest Income Accruals to G/L" and "Bill Specific Interest Income" operations are performed for AR/AP included in the Specific Interest Income with the "Specific Interest Income Management" operation. It is located in the General Ledger Management/Operations menu.
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Click here for more information about Specific Interest. |
The G/L slip type to be generated after the operation is selected through G/L Slip Type field on the Defaults tab. This field is mandatory.
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The filters used for the report are as follows:
Filter | Value |
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Organizational Unit Code | Group/Range |
AR/AP Type | Customer + Supplier / Customer / Supplier / Association |
AR/AP Code | Group/Range |
AR/AP Description | Group/Range |
AR/AP Auxiliary Code 1-5 | Group/Range |
AR/AP Authorization Code | Group/Range |
Parent AR/AP | Group/Range |
Currency | Unit Options |
Payment/Collection Auxiliary Code | Group/Range |
The "Post Specific Interest Income to G/L" operation is performed to post the specific interest income to G/L by the specific interest rates for the total outstanding liability in the specified date range for the AR/AP card included in the specific interest income. This transaction generates an Accrual Slip of the month end for the month by the debt closing date and the following months and a Reverse Accrual Slip for the beginning of every month following the month end.
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Service Code: Used to specify the service code on the specific interest invoice line.
Department Code/Department Description: The invoices are generated for the department selected in this fıeld.
Transaction Result:
- The interest rate of the specific interest invoice is calculated for all AR/AP payments between January 1 and the last calculation date. It is reported to the user which debt transaction is closed by Debit/Credit closing transaction for the payment made. The interest amount is calculated on the amount paid based on the closed transaction information.
- The specific interest invoice is generated based on AR/AP and currency. If an AR/AP has a debt balance in multiple currencies, a separate invoice is generated for each transaction currency.
- The specific interest invoices are generated as the "Service Sales Invoice" in "Draft" status.
- The quantity of service in the invoice line is saved as "1".
- The day of payment is not included in the interest amount calculation.
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