credit limitation surcharge

Lanki

Hello,

I don't think it's possible in Dynamics NAV, so i wondered how it could be best developed.

Its a kind of payment terms, but it adds a certain amount (following a percentage) to the invoice which a customer does not have to pay if if he pays before the due date, so it is more or less the reverse of a payment discount. Example:

payment amount (VAT Incl.) = 1000

Credit limitation 2%

Invoice amount = 1020

If you pay before the due date, you pay 1000, afterwards you must pay 1020.

Somebody any ideas how to get this financially correctly implemented.

How can you apply entries in this case, and on which account to post the 20.

Thanks

Savatage

so your saying the bill is for 1000 and if they pay late they have to pay an additional 2%..something like a finance charge?
:-k

Lanki

yes, more or less, but like a payment discount, the amount is already shown on the initial invoice (like it's also shown considering a payment discount)