Late Charge history

We are looking to implement late charge as interest invoice. One question is for the history of late charge invoice. From the documentation it is understood, the latest interest charge invoice is what is tied to the original transaction and the old interest invoice is overwritten.

Eg:

Day 1: Transaction 1 -> Overdue with balance $100

Late Charge Invoice 1 @ 5% => $5

Day 2: Partial payment to transaction 1 => $40

Day 3 : Late Charge Invoice 2  @ 5% => $3

This is the latest batch for the transaction 1 and the Late Charge Invoice 1 is overwritten

Day 4 : Partial payment reversed

Day 5: Late Charge Invoice 3 @ 5% => $5

This is the latest batch for the transaction 1 and the Late Charge Invoice 2 is overwritten