I hope someone with a better understanding of Dunning (which will be every oout there !), can help me with my question
How is the interest charges in the Dunning Documents calculated?
For example : $1000 with a 2% interest charge....
Is it 1000 x .002 for $20?
Or is it 2% per annum (for a daily rate of .002 / 365) multipled by the number of days overdue x the $1000?
Any clarification would be appreciated.