In this field, enter the interest percentage to be levied per day on the original bill amount for delay in payment. The system considers running days for calculation purposes.
Example
Suppose a bill has expired on 04/12/06 (Saturday). Its actual maturity shall be 4/14/06. However, if payment is made on 04/17/03, the system considers 5 days of arrears as it follows:
Prefix | 001 |
Number | 000015 |
Type | DP |
Issue Date | 10/04/06 |
Due date | 12/04/06 |
Actual Due Date | 14/04/06 |
Original Value | 1,000.00 |
Delinquency Fee | Not entered |
Interest Perc. | 1.00 (1% on the original bill amount) |
Write-off Date | 17/04/06 |
Amount Collected | 1,050.00 |
Warning!
Note that for the system to consider the interest percentage, the field Delinquency Fee must be blank; otherwise the system will give it priority.
However, if you need to change this process, you can use the parameter MV_FINJRTP, which considers the following situations when bills are with both fields filled out:
Default content of this parameter is 1.