Calculate interest and fines on customer payments (Brazil)

This article describes how to apply interest and fines on customer payments that are delayed in Brazil with Microsoft Dynamics 365 Finance.

You can apply interest and fines on customer payments that are delayed. The interest and fine amounts that apply to a payment can be calculated when you receive a payment from a customer. Before you calculate interest or fine codes for customer payments, you must set up a list of bank holidays and national/regional holidays. A holiday date that's set up on the Payment calendar page is considered a nonworking day. If an invoice is due on a nonworking day, the due date is moved to the next working day in the calendar, and the interest and fines are calculated accordingly.

The following procedure uses the BRMF demo company.

To apply interest and fines on customer payments that are delayed, follow these steps.

1. In Dynamics 365 Finance, go to Accounts receivable > Customers > All customers.
2. In the list, find and select the desired record.
3. In the list, select the link in the selected row.
4. Expand the Payment defaults section.
5. Select Edit.
6. In the Payment schedule field, enter or select a value.
7. In the list, select the link in the selected row.
8. In the Fine code field, enter or select a value.
9. In the list, select the link in the selected row.
10. In the Interest code field, enter or select a value.
11. Select Save.
12. Close the page.
13. Go to Sales and marketing > Sales orders > All sales orders.
14. Select New.
15. In the Customer account field, enter or select a value.
16. Select OK.
17. Select Add line.
18. In the list, mark the selected row.
19. In the Item number field, enter or select a value.
20. In the Quantity field, enter a number.
21. In the CFOP field, enter or select a value.
22. Select Save.
23. Select Invoice.
24. In the Quantity field, select an option.
25. In the Print invoice field, select Yes .
26. Select OK.
27. Select Yes.
28. Close the page.
29. Go to Accounts receivable > Payments > Payment journal.
30. Select New.
31. In the list, mark the selected row.
32. In the Name field, enter or select a value.
33. Select Lines.
34. In the list, mark the selected row.
35. In the Date field, enter a date.
36. In the Account field, enter a value.
37. Select Settle transactions.
38. In the list, find and select the desired record.
39. Select the Mark checkbox.
40. Select OK.
41. In the list, mark the selected row.
42. In the Description field, enter or select a value.
43. In the Offset account field, enter a value.
44. Select Post.
45. Close the page.