Re: Late Payment Surcharge applicable only for last invoice over due

Hi Arun.

In my opinion late payment charge or interest is one and the same.

In our client we configured interest key and assigned them at contract account level.

Either you can run FPINTM1 to calculate interest or if you want the interest/LPC calculated during invoicing you can do that as well through configuration , depends on your client requirement.

Thanks,

Vikram