Hi,
We need to implement advance payment from customer functionality , for that we have planned to put advance payments made by customer as on account payments , which will get cleared (allocated) to bill generated for customer at later dates. But we have to calculate interest on the payment amount every six months . for that we have updated an interest key to the payments made by customer . now when we calculate interest on the payment only payment amount (Credit) which is open on the day of interest calculation , interest is calculated . but the item which has been cleared is not available for interest calculation . we are using FPI1 and FPINTM1 to calculate interest . Is there any way we can calculate interest on the cleared amount.
Example --
On-account payment - 1000 on 01.04.2013
partial clearing on 15.04.2013 with bill .
item-1--On-account payment - 700 (Open)
item-2--On-account payment - 300 (cleared)
currently system calculates interest on item 1
item-1--On-account payment - 700 (Open)
what we need
interest calculation on
On-account payment - 1000 till 01.04.2013----15.04.2013 (because the item was open till this date )
On-account payment-- 700 16.05.2013-- till interest run date (because its still open )
Is this functionality achievable using the FPI1 or FPINTM1
p.s
1) In the define interest key we have selected -- consider all items for interest calculation
2) In FPI1 we have selected option credit item and all items in interest parameters.