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The field Delinquency Fees has priority over the field Interest Percentage. Thus, when delinquency fees and interest rate are entered, during bill writing-off, the system will always prioritize the amount entered in the field Delinquency Fees for calculating the amount relating to the days in arrears.
Tip: This priority can be changed, if necessary, according to the parameter configuration MV_FINJRTP, which considers the following situations, when both fields are filled out:
Default content of this parameter is 1. |
Example:
Considering a bill with the following characteristics:
Prefix | 001 |
Number | 000014 |
Type | DP |
Issue Date | 4/10/06 |
Due Date | 4/11/06 |
Actual Due Date | 4/11/06 |
Original Value | 1,000.00 |
Delinquency Fee | 1.00 |
While writing-off the bill, the system displays the following data:
Date of Bill write-off | 4/16/06 |
Delinquency Fee Amount | 5.00 (for 5 days in arrears) |
Bill Amount Collected | 1,005.00 |