Received Delay Interest Invoice

The “time cost” or “time profit-loss” that arises due to the fact that the delivery of goods or services is outside the desired “price-date” range is called received delay interest.

Route: ERP > Sales & Distribution > Invoice > Purchase Invoice

What is meant by the date of sale here is the income element whose amount and rate are determined on the day of the sale transaction. Due to the buyer's failure to pay his debt on time, the interest arising from the additional time given to him is recorded in the 642 account as it is considered as "Interest Income".

What to Consider?

• If “Accounting Transaction” is not checked in the transaction category, the warning “No accounting transaction is performed for the selected transaction” is displayed in the accounting transactions.
• If the invoice amount is 0, even if "Accounting Transaction" is selected in the transaction category selected for the invoice, transactions with a value of 0 do not make accounting transactions.
• If the payment exceeds the given time, purchase account 780 should be selected for the delay difference product defined in the system.
• If it is an interest invoice issued during the sale, 602 should be selected.
• The right product should be chosen. Otherwise, category sales cannot be reported.
• Bought by must be selected. Otherwise, vendor performances cannot be monitored
• Payment Method must be entered. Otherwise, payment performances cannot be monitored.
• The 2nd currency of the row must be entered, otherwise, the report cannot be obtained according to the transaction currency.

"Received Delay Interest Invoice" is selected from the "Transaction Type" section on the Purchase Invoice new registration screen, and the transaction is recorded after filling in other necessary information.

In the detail of the resulting purchase invoice, there is the "Accounting Transactions" icon at the top right. You can view the offsetting receipt of your invoice by clicking this icon.