How to calculate interest to supplier based on supplier invoice date. Asper my knowledge the interest can be calculated based on voucher date. But the supplier calculate interest asper their invoice date. IN order to reconcile this it would be better to calculate interest based on both voucher date and supplier invoice date.
Please help.
You can calculate Interest on Supplier's due date in Tally by following steps explained below;
Choose option interest calculation option as "Due Date of Invoice/Ref" in supplier master;
Record a Purchase voucher that may have different Supplier Invoice Date and your booking voucher date;
Define Supplier Due date here;
It will now consider to calculate interest from defined supplier due date;
It will calculate interest from defined supplier due date;
I hope this solves your query!
Regards,
Dhaval Goradia