Select Interest Criteria Tab
This section includes the fields and descriptions for the Select Interest Criteria tab.
Selection Criteria Island
| Field | Description |
|---|---|
| Customer No. | In these fields, you can specify a range of customer numbers. The interest charge selection created and printed will only apply to company-specific customers within this range. |
| Company No. | In these fields, you can specify a range of company numbers. The interest charge selection created and printed will only be based on customer entries with a settling company within the specified range. |
| Customer Group | In this field, you can select a customer group. The interest charge selection created and printed will only apply to customers in this group. |
| Interest Charge/Reminder Principle | In this field, you can specify the name of an interest charge/reminder principle. The interest charge selection created and printed will only apply to company-specific customers using the specified interest charge/reminder principle. An interest charge/reminder principle is specified on each company-specific customer’s payment information card. If you do not specify an interest charge/reminder principle in this field, the printout will display all principles assigned to customers applying to the selection criteria entered in the above fields in this island. |
Interest Charge Selection Island
| Field | Description |
|---|---|
| Assessment Date | In this field, you specify an assessment date. This is the date on which the interest charge calculation begins. This means that you can calculate interest charges on the 5th of the month with effect from the 1st of the month. Maconomy automatically suggests today’s date. You must enter a date. |
| Grace Period | The interest charge calculation will only include open entries, which have been due for payment for longer than or for the grace period exactly. The grace period runs from the value date. You can specify any amount of days here - shaping a relaxed or tough company policy on customer arrears. A grace period of one week means an entry has to be overdue for at least one week before you start calculating interest. |
| Include Entries Blocked for Interest Calculation | If the field is marked, all entries blocked for interest calculation will also be included in the interest charge selection. be included in the interest charge selection. |
Print Control Island
| Field | Description |
|---|---|
| Layout | In this field, you can select which layout to use for the printout. If no additional layouts for the current printout have been added in the window Print Layout in the Set-Up module, “Standard” is the only option. |
| Currency | In this field, you can specify the currency in which the interest charge selection should be displayed. The interest charge selection will be converted into and displayed in this currency. If the current user has been assigned to a company in the window Users, Maconomy suggests the company base currency of the company in question.
When converting amounts into the selected currency, Maconomy uses the exchange rates valid on the date entered in the field “Exchange Rate Date” below, and the exchange rate table used is the exchange rate table selected in the window System Information in the Set-Up module. Please note that Maconomy performs currency conversion even though the original amount has been registered in the same currency as the one specified in this field, which may give rise to discrepancies between the registered amounts and the amounts shown in this window. |
| Exchange Rate Date | In this field, you can specify an exchange rate date. When converting amounts into the reporting currency, Maconomy uses the exchange rates valid on this date according to the enterprise exchange rate table selected in the window System Information in the Set-Up module for conversion of currency amounts. See also the field “Reporting Currency.” |
| Incl. Overdue Entries w/out Interest | Here you specify whether to include entries, which are due for payment, but not yet owing interest. If you mark this field, the printout includes these entries.
There are three situations in which an entry can be overdue but not owing interest:
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