on 11-23-2022 6:52 AM
In app Display Supplier/Customer Balances, one of the columns is 'Imputed Interest in Company Code Currency'.
I want to know where the amounts in this column comes from.
In general, the imputed interest is a a virtual amount to get an impression of the influence of overdue liabilities on your business. It is for information only and will not be posted.
You can kindly refer to our official documentation:
Imputed interest is calculated based on the days overdue and an interest rate of 1%.
Definition
Interest that could have been earned if the money had been invested in capital markets instead of being tied up in purchases to be paid or overdue amounts to be paid by customers.
Use
Imputed interest is calculated for overdue amounts based on the amount due and days overdue according to the following formulas:
Open Items: Overdue Amount x (Today - Net Due Date)/365 x 1%
Cleared Items: Overdue Amount x (Clearing Date - Net Due Date)/365 x 1%.
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