Overdue charge calculation using grace days

Hi All

The PeopleSoft Receivables PeopleBook states that "If an item has exceeded its grace due days, the system uses the total days past due to calculate the charges." i.e. it does not say "Days Past Due - Grace Days". This would imply that it uses the total days which have passed as of the Accounting Date i.e. grace days are acting as a trigger not as a deduction from the interest calculation.

Example:

1. Grace days is set to 30 and interest to 10%.
2. The amount $10,000 is due on accounting date 31 March 2026 on terms NET 30 days i.e. the Due Date is 30 April.