{"id":6083,"date":"2014-01-27T05:54:38","date_gmt":"2014-01-27T05:54:38","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=6083"},"modified":"2014-01-27T05:54:38","modified_gmt":"2014-01-27T05:54:38","slug":"interest-invoices-for-overdue-receivable","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/01\/27\/interest-invoices-for-overdue-receivable\/","title":{"rendered":"Interest Invoices for Overdue Receivables"},"content":{"rendered":"<p style=\"text-align: justify\">When a customer\u2019s payment is overdue, then the customer is subjected to interest cycle based on what interest profile defined to him\/her in Customer master.<\/p>\n<p style=\"text-align: justify\">Sage 300 ERP provide us an easy way to calculate\/track customer\u2019s accumulated interest amount. By creating an interest invoice batch just by clicking a button. Now let us see how we can do this.<\/p>\n<p style=\"text-align: justify\">Follow the path: Account Receivable&#8212;&#8211;&gt;A\/R Periodic Processing&#8212;&#8212;&gt;Create Interest Batch.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2014\/01\/Untitled22.png\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter  wp-image-6084\" alt=\"Create interest batch\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2014\/01\/Untitled22.png\" width=\"415\" height=\"199\" \/><\/a><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #800000\"><em><strong>Our X3 Blogs<\/strong><\/em><\/span>: <a title=\"Greytrix Sage ERP X3 Blog\" href=\"http:\/\/www.greytrix.com\/blogs\/sagex3\/\" target=\"_blank\">Sage ERP X3 \u2013 Tips, Tricks and Components<\/a><\/p>\n<p style=\"text-align: justify\">This screen lets you Create batches of interest invoices for ranges of customer numbers, customer groups, or billing cycles.<\/p>\n<p style=\"text-align: justify\">You create one batch of interest invoices at a time, but you can have as many open batches of interest invoices as you need.<\/p>\n<p style=\"text-align: justify\"><b>Run Date:<\/b>\u00a0 The date which you enter here is assign as document date for all interest invoices in the batch.<\/p>\n<p style=\"text-align: justify\"><b>Posting Date<\/b>: Here you can enter the date to which you want to post interest invoice to General Ledger<\/p>\n<p style=\"text-align: justify\"><strong>Select By<\/strong>: There are 3 options available here.<\/p>\n<p style=\"text-align: justify\"><strong>\u00a0 1.<\/strong> Customer Number: To create customer-wise interest Invoices<br \/>\n<strong>\u00a0 2<\/strong>. Billing Cycle: To create invoices for all the customers who are assign billing cycle you specify here.<br \/>\n<strong>\u00a0 3.<\/strong> Customer Group: To create invoices for all the customers who are assigned customer group you specify here.<\/p>\n<p style=\"text-align: justify\"><b>Age Document<\/b>: when you select this option program will exclude all the transaction dated after the run date.<\/p>\n<p style=\"text-align: justify\">We can also insert header level and detail level optional field if we require them in interest invoice entry.<\/p>\n<p style=\"text-align: justify\">After clicking on process button an un-posted Invoice entry will be created in AR invoice batch list. After you verify the entry you can post the entry.<\/p>\n<p style=\"text-align: justify\">In this way we can create Interest Invoices for the customers.<\/p>\n<p style=\"text-align: justify\"><strong>Also read:<\/strong><\/p>\n<p style=\"text-align: justify\"><strong>1<\/strong>.\u00a0<a title=\"AR Customer Receipt Enquiry\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/01\/10\/ar-customer-receipt-enquiry\/\" target=\"_blank\">AR Customer Receipt Enquiry<\/a><br \/>\n<strong>2<\/strong>.\u00a0<a title=\"Customer Credit Limit in Sage 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/09\/24\/customer-credit-limit-in-sage-300-erp\/\" target=\"_blank\">Customer Credit Limit in Sage 300 ERP<\/a><br \/>\n<strong>3.<\/strong>\u00a0<a title=\"Invoice Retention in Sage 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/07\/29\/invoice-retention-in-sage-300-erp\/\" target=\"_blank\">Invoice Retention in Sage 300 ERP<\/a><br \/>\n<strong>4.<\/strong>\u00a0<a title=\"Create Write-off Batches for Open Invoices in Sage 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2012\/12\/28\/create-write-off-batches-for-open-invoices-in-sage-300-erp\/\" target=\"_blank\">Create Write-off Batches for Open Invoices in Sage 300 ERP<\/a><br \/>\n<strong>5<\/strong>.\u00a0<a title=\"Auto Apply Option for AR Receipt in Sage 300 ERP\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/01\/30\/auto-apply-option-for-ar-receipt-in-sage-300-erp\/\" target=\"_blank\">Auto Apply Option for AR Receipt in Sage 300 ERP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When a customer\u2019s payment is overdue, then the customer is subjected to interest cycle based on what interest profile defined to him\/her in Customer master. Sage 300 ERP provide us an easy way to calculate\/track customer\u2019s accumulated interest amount. By creating an interest invoice batch just by clicking a button. Now let us see how\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/01\/27\/interest-invoices-for-overdue-receivable\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331,1332,1846,2357,2451,2454],"class_list":["post-6083","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-interest-charges","tag-interest-invoice","tag-overdue-charge","tag-sage-300-erp","tag-sage-accpac-erp","tag-sage-accpac-erp-interest-invoice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Interest Invoices for Overdue Receivables - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/01\/27\/interest-invoices-for-overdue-receivable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest Invoices for Overdue Receivables - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"When a customer\u2019s payment is overdue, then the customer is subjected to interest cycle based on what interest profile defined to him\/her in Customer master. 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