Interest calculation type-Z-Penalty Interest Calculation

[pmarcoavendano]

Hi all !!

I would like to know about the Interest calculation type-Z-Penalty Interest Calculation, if it is necesary to do some aditional customizing , and which are the differences between Item Interest Calculation and Penalty Interest Calculation.

Best regards and thanks all

[chandrasekharbadeti_chand]

Hi,

Penalty interest calculation can be used for Compound Interest calculation. Interest on Interest can be achieved.

Thanks

Chandra

[pmarcoavendano]

Thanks Chandra,

Could you give us some links where we can find more info of how to configure/run this specific issue of calculate interest on interest and other aspects of penalty interest calculation.

The other point if it is possible or there is a way to depending on open items for a same vendor have a different interest indicator, I mean something like a field at the financial document in order to choose between different type of interest indicators.

Best regards and thanks