1. Country-Specific Features
  2. Brazil Help Topics
  3. Brazil-specific SuiteApps
  4. Brazil Localization
  5. Payments for Brazil
  6. Applying Fine and Interest Charges on Purchases for Brazil

Applying Fine and Interest Charges on Purchases for Brazil

Note:

To access the Brazil Localization SuiteApp documentation in Brazilian Portuguese (Português do Brasil), see Brazil Localization.

In Brazil, overdue balances can be subject to fine and interest charges.

If you have purchase transactions with installments past due, you can enter fine and interest amounts on the Fine and Interest Charges page. When you apply the charges to the installments, NetSuite creates fine and interest on purchases transactions, which are related to the original vendor bills.

To apply fine and interest charges on purchases for Brazil:

  1. Go to Transactions > Purchases > Fine and Interest > New.

  2. In the Subsidiary field, select the subsidiary involved in the transactions for which you want to apply fines and interests.

  3. (Optional) In the Vendor field, enter the first 3 characters of the vendor's name and select the vendor.

    NetSuite displays up to 100 results based on your search.

  4. In the Period field, select the start and end due date of the installments to determine the period for the search.

  5. Click Search.

    NetSuite lists the installments that match the search criteria and displays the fine and interest amounts calculated.

  6. Check the box next to each installment to apply charges to it.

    Tip:

    To select all the installments listed on a page, check the box on the table header.

  7. (Optional) In the Payment Date column, select the date of the payment.

  8. In the Fine column, enter a fine amount.

  9. In the Interest column, enter an interest amount.

  10. Click Apply Charges.

    NetSuite creates the fine and interest on purchases transactions for the installments you selected. When the creation is complete, NetSuite sends you an email notification.

  11. (Optional) To view the fine and interest transactions, go to Transactions > Purchases > Fine and Interest.

    The default list view opens. In the View field, you can switch to the Fines and Interests Default view to see additional columns.

Related Topics

General Notices