item interest calculation

[Former Member]

Hi all

I am configuring interest calculation on arrears as well as on balance amount for vendors and General ledgers. Can anybody tell me how to configure if I don’t want the system to calculate interest if the invoice has been cleared even after the due date. The system keep on showing the cleared invoices with interest even if I configure only open items and no cleared invoices.

Further is it possible to have more than one interest expense account (GL) for vendors????

[Former Member]

DONE

[Former Member]

In Item Interest indicator set the indicator "Only calculate interest on debit items"

[Former Member]

i have already set that indicator but even after setting that indicator it still calculates interest on cleared items??