My client requirement is as below.
At present they r charging 12% interest . From the next month onwards they r going to charge 14% interest.
But they wants to charge 12% interest to the open items which are posted prior to 01St Oct 2011.
Please suggest me.
Case u2013 1
All the Customers, whose overdue balances (pertaining to Invoices billed upto September 30th, 2011) falling on or after October 1st 2011, will continued to be charged interest at 12% based on the overdue balance
Case u2013 2
All the Customers, who are billed from October 1st 2011, will be charged interest at 14%. from the date of Invoice. However, if the customer also has overdue balances pending prior to 1st Oct 11 it would continue to be charged @12%