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Apr 20, 2010 at 05:22 AM

Interest calculation on due date

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Hi

I want interest calculation from duedate (which is 30 days from invoice date). In one of the step of configuration, i defined Interest calculation indicator as VK. In that there is a option which says from where interest needs to be calculated. There are options:

Value Date (or Baseline Date for Net Payment)

Document Date

Posting Date

Payment Baseline Date

There is nothing as due date. Please let me know how to do this.

Is Value date the due date ?