Interest period begins when the invoice has been paid/cleared

[Former Member]

Hi Experts,

I have done all the configuration for Interest Calculation on Capital Projects and it calculates interest correctly (through CJZ2) on the costs charged to WBS elements / projects.

Now we want interest calculation to begin when the invoice has been paid. Means, interest should be calculated only on the 'cost items cleared by payment'.

Can anyone please tell me what settings need to be done for above requirement.

Any help on this will be highly appreciated.

Many thanks in advance.

[virendra_pal]

In the OPIC setting have you tried the Payment radio button for the value category

[Former Member]

Hi Virendra,

I have tried that. When I select 'Payment' radio button in OPIC, it does not calculate interest on any item.

Is there any other setting that needs to be done along with OPIC?

Thanks,