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Quick question on Interest on Customer Invoices - after the Tolerance Days, is it calculated daily? If so - has it always been this way?

 

Thanks,


Matt

Hi ​@Matthew,

 

Yes, as per the IFS documentation interest is calculated daily after the tolerance days. Daily interest calculation seems to be a standard feature in IFS historically, persisting consistently across versions.

 

Best regards,

Thakshila

Thanks - that’s what I thought, but always good to have it verified.

Seems an institutional memory was a little forgetful.

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