Hi,

I was wondering if there is a report or a way I can see a breakdown of the invoices on which interest has been charged on a customers account. I am finding that once an interest batch is created, I am only seeing the lump sum of what the interest charge is based on.. but I was hoping to find a break down of which invoices make up the lump sum.

Is there such a way to get this information?

Hello Karre,

Did you charge interest by invoice or by outstanding balance? You make this choice when you create the interest batch.

The interest is charged on overdue invoices.

Not really, but it is an interesting suggestion.

The challenge would be to prevent the statement being overwhelmed by detail, if there are many outstanding invoices.

Is this to be able to answer a query about the charge from a customer?

Yes, this is to answer a query about the charge from a customer.

I was hoping to be able to print out a "Interest detail report" rather than having all of the details on the statement.

Right now I am able to see the sum of the invoices the interest is charged on although a customer was asking to have a breakdown to match the charges towards their purchase orders.

I filed the request away as a suggested improvement to AR and we'll see whether anyone else has had a similar request. It hasn't been asked for before to my knowledge.

Personally, I would send the calculation rules to the requester and then have a conversation about paying the invoices in a more timely manner. With the cost of money so low these days, they are not earning anything hanging onto their cash. If they insisted on you calculating a breakdown, I'd offer to do so and charge for the service (since your time isn't free). I can hardly imagine a scenario where the interest charges are material enough to require allocation back to the original PO.

And surely PO's aren't raised on the expectation that there will be interest charges for late payment!?!