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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.
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 |
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