Receivables - EBS (MOSC)

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R12.1.3: Installment Invoices with interest?

edited Oct 18, 2018 5:01AM in Receivables - EBS (MOSC) 1 commentAnswered

Hi All,

We have below requirement, please advise any solution.

Client are selling products with 12/24/36 installments.

> Say product cost is $12K, 1st installment would 1K without interest.

> From 2nd Invoice onward there is standard interest rate like 1% on the balance amount i.e 11K*1%. Total payable for this billing schedule is 1100

Please let us know how to fit this requirement using Receivables.

Thanks,
Varadhi

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