Interest on credit notes

You can calculate the (statutory) interest on credit notes.

The interest calculation matches the interest rate on the reminders and you record the interest rate in the administration settings. The only difference is, that for a credit note you will generally not create a reminder. Therefore you need to record the interest in the credit invoice properties.

To record interest on credit notes:

1. Go to: Financial / Debtor / Overview / Outstanding items.

   You can also retrieve the outstanding items by selecting Financial / Debtor / Debtor. Open the properties of the debtor and go to the Outstanding items tab.

2. Open the required item.
3. Go to the tab: Interest.
4. In order to get an indication of the interest, click Calculate.
5. Deselect the Profit interest late calculate check box.
6. Enter the amount of interest as a negative amount (preceded by a minus character).