Interest for bills receivable not paid yet are calculated according to the parameter MV_JURTIPOS, which determines whether interest is simple, compound or mixed, as follows:
- Simple Interest (Parameter MV_JURTIPOS = S)
- Compound Interest (Parameter MV_JURTIPOS = C)
- Mixed Interest (Parameter MV_JURTIPOS = M)
This type of interest is the association of simple interest with the compound one:
Up to 30 days: Simple interest is calculated.
Above 30 days: Compound interest is calculated.
Note: When there is no interest percentage indicated in the bill, interest is calculated by delinquency fee, as follows:
Interest = Delinquency Fee Amount * days in arrears
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