Interest calculation on orders

You can transfer interest calculated entries as a product on a normal order. When calculating interest, Visma Business will generate order lines which contain the information for creating an interest invoice line.

1. You start by creating a product number in the "Products" table, e.g. "999 Interest product".
2. As the interest entry is included on an ordinary invoice, which may be subject to interest in the future, you can exempt the interest product from interest in order to avoid interest on interest. You do this by selecting "Processing/Processing method" from the "Products" table. In the "Processing method" dialog box, select the "Misc." page and select the "Product free of interest" field.
3. You join the interest product to a separate VAT and accounting group in the "Products" table. You must first of all define the correct VAT and accounting group for interest in the "Texts" table.
4. In this group you specify the interest income account for VAT-free sales in the "VAT free sale" field in the "VAT and accounting inf." table. You should also select the "Overwrite order" checkbox in order to prevent any VAT code on the order from generating VAT on the interest entry.
5. You must also enter the interest product number you created in the "Products table" in the "Interest Prod. No." field in the Bedriftsopplysninger table.
6. To activate the transfer of interest, you first execute the routine for printing interest invoices; see the section entitled Printing reminders and interest notes. You must also select the "Interest as product" field in the "Processing open customer entries" dialog box.
7. After approving the printout, the interest lines will be transferred to the "Interest lines" table in the default folder "Accounting/Customer ledger".
8. In the "Interest lines" table you can select the menu item "Processing/Transfer interest to order". This processing menu item transfers interest lines to the Orders table.
   Merk: To prevent interest from being transferred to orders which you will invoice in the future, only interest with the status "Ready for invoicing" will be transferred to orders.
   The processing menu item leads to a "Transfer interest to order" dialog box in which you select to determine whether Visma Business should generate a new order if no order is available.
9. After transfer, new order lines will be created with the value "2 Direct order" in the "Order type" field. Visma Business does this so that you do not have to run an additional finish for the interest lines before you invoice. The "Description" field shows which invoice the interest applies to and the period for which interest has been calculated.
10. When the line for interest has been transferred to the order, the "Interest lines" table is updated with the order number.