General parameters > Chapter Acc Payable/Acc Receivable > Parameter IDNTDAEXE (Late charges flow) 

This parameter is used in managing late charges and interest notes to define how late charges are calculated and communicated to the customer: by payment or by interest note.

The payment: Late charges are calculated and executed at the payment level. That is, the late charge is added to the payment. Late charges are processed for payments and receipts.

By interest note: Late charges are calculated and sent to the customer as a separate Interest note (IDNGEN). Late charges are not included in the payment.

Level of localization/Global variable

This parameter is defined at the level Company.It belongs to Chapter TRS (Acc Payable/Acc Receivable) and the Group TDC (Early discounts/late charges),The following parameters are also associated with this chapter and group :

  • AUTDEPCUS (Auto calc AR discount taken)
  • DATDEP (Date for the calc of discounts)
  • DATSELDEP (Disc. date for open item sel.)
  • DENCRG (Late charge payment attribute)
  • DENDEP (Customer early paymt./discount)
  • DENPAY (Supplier early paymt./discount)
  • DEPDUDDAT (Due dates in discount section)
  • DEPMSK (Early discount mask)
  • IDNINTNOT (Compute interest notes)
  • IDNINVTYP (Late charges invoice type)

No global variable is associated with it.

Functions concerned

The following functions are associated with this parameter :

 Common data > BP tables > Early discounts/Late charges

 A/P-A/R accounting > Open items > Interest notes generation