Would like to know how the system calculate the interest charged to customer.

Invoices are due on the invoice date. Interest will be not be charged if payment made within 14 days. Interest will be charged from the 1st day of invoicing if payment made after 14 days or later.

If invoices dated 1/4/2002, and due on 15/4/2002, system does not calculate interest when we run
the "create interest batch" on 25/4/2002.

Please advice

Thanks & rgds

18022000