Understanding Interest Invoices

You use the Invoice Print program (R03B505) to print delinquency fees. This program creates summarized information at the customer level.

You can also use the Interest Invoice Print program (R74W0030) to print detailed information about the late paid invoices that caused the delinquency fee. You run the Interest Invoice Print program as a complement to the Late Payment Delinquency Fees program (R03B221).

The system launches the Late Payment Delinquency Fees program from the Credit Analysis Refresh program (R03B525) if you activate late payment delinquency fees in the processing options on the Fees tab for the Credit Analysis Refresh program.

Note: If you use the Late Payment Delinquency Fees program to calculate delinquency fees for both open and paid amounts, the system does not complete all of the columns in the interest invoice.