System calculates interest on the balance interest.
Version - 11.5.10.2
I have an Invoice on a customer site which is subject to Simple Interest.
After the first application of interest the line amount is fully paid.
The interest charged remains due.
On the next run of the Statement Generation Program, the system is calculation interest again though the line amount reamining is NIL.
Any reflections on the above are welcome.
Regards,
Tiwari