Late charges calculation and unapplied receipts - questions ???
I have a question about unapplied receipt (on account):
We are receiving sometimes amounts from client before doing the invoicing (entering transactions), so the unapplied receipt date is before the invoice due date.... so the customer account balance could be negative.
In this case, when we are calculating Late charges,
Original receipt amount : 1693.13$
Receipt Amount Applied : 270.90$
Unapplied Receipt amount 1422.23 $ and date is 30-APR-2009
Transaction 123 with issue date 15-SEP-2009 and amount => 677.25$
so Customer Account balance is negative => - 744.98
In this case, when we are calculating Late charges, the system calculates interest on the open invoice (transaction) 123...
The system is calculating interest on the open invoice but the customer balance is negative - right ??? is it a bug ???