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Former Member
Nov 24, 2009 at 06:53 PM

Report Calculation


We have a report that calculates monthly interest charges so we can do debit memos each month (#4395 Interest to be Charged). We are currently compounding interest each month - the interest calculation takes the entire past due balance (including previous interest charges) and calculates interest on that.

However, we can no longer compound interest monthly.

Can we have the calculation changed to only charge interest on past due balances that do not include previous debit memos for interest?