Applying Fine and Interest Charges on Sales 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 set fine and interest rates on your terms of payment, you can calculate the charges and apply them to the installments past due. This process creates fine and interest on sales transactions, which are related to the original invoices.

If you did not set fine and interest rates on your terms of payment, you can enter the fine and interest amounts manually on the Fine and Interest Charges page.

For more information about setting fine and interest rates, see Creating Terms of Payment for Brazil.

To apply fine and interest charges on sales for Brazil:

Go to Transactions > Sales > Fine and Interest > New.
In the Subsidiary field, select the subsidiary involved in the transactions for which you want to apply fines and interests.
(Optional) In the Customer field, enter the first 3 characters of the customer's name and select the customer.

NetSuite displays up to 100 results based on your search.
In the Period field, select the start and end due date of the installments to determine the period for the search.
Click Search.

NetSuite lists the installments that match the search criteria and displays the fine and interest amounts calculated.
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.
(Optional) If necessary, you can change the following information about the payment of any of the installments:
- In the Payment Date column, select the date of the payment.
- In the Fine column, enter a fine amount.
- In the Interest column, enter an interest amount.
Click Apply Charges.

NetSuite creates the fine and interest transactions for the installments you selected. When the creation is complete, NetSuite sends you an email notification.
(Optional) To view the fine and interest transactions, go to Transactions > Sales > 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.

To apply fine and interest charges on sales for Brazil:

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