I request your help in getting solution on following senario
Monthly following % of amounts will be recovered from customers on the
invoice amounts from the posting date towards delay charges(interest).
1. With in 7 days from the date of posting date NIL
2. 8 - 10 days 0.50%
3. 11- 15 days 1.00%
4. 15- 30 days 2.00%
The abovoe senario checked up thru Item interest cliculations(ven/customer)
But i could able to caliculate with one interest rate.
Can you please advise me how i can caliculate interest under above senario
Thanks & Regards