Automatic Creation of interest invoice

[Rizwan.Mumtaz]

HI All

How can i create automatic interest invoice in AR when a customer pays after due date,

I have tried the late charges setup in addition to the following forms
customer Profile class
system options
Transaction type but fialed.


Can someone give me the detail steps and procedure for that. riz_kpmg@yahoo.com.

Thanks in advance

[anu_uma]

<font size="1"><font size="2"><font color="blue"><font face="Verdana">Hi,

Have you set the profile options and defined the interest rates?

Set the
Interest Invoice to Yes @ site level
Tax: Allow Override of Customer Exemptions to Yes

Define a transaction source for the interest invoice.

Define Interest Rates
Navigation : Interest Invoice --> Maintain Rates

After doing these you can start creating interest invoices for
overdue invoices</font id="Verdana"></font id="blue"></font id="size2"></font id="size1">