Calculate interest and fines on vendor payments (Brazil)

This article describes how to apply interest and fines on vendor payments that are delayed in Brazil with Microsoft Dynamics 365 Finance.

You can apply interest and fines on vendor payments that are delayed. The interest and fine amounts that apply to a payment can be calculated when you make a payment to a vendor. Before you calculate interest or fine codes for vendor payments, you must set up a list of bank holidays and national/regional holidays. A holiday date that is set up on the Payment calendar form is considered a nonworking day. If an invoice is due on a nonworking day, the due date is moved to the next working day in the calendar, and the interest and fines are calculated accordingly.

The following procedure uses the BRMF demo company.

To apply interest and fines on vendor payments that are delayed, follow these steps.

1. In Dynamics 365 Finance, go to Accounts payable > Vendors > All vendors.
2. In the list, find and select the desired record.
3. In the list, select the link in the selected row.
4. Expand the Payment section.
5. Select Edit.
6. In the Payment schedule field, enter or select a value.
7. In the list, select the link in the selected row.
8. In the Fine code field, enter or select a value.
9. In the list, select the link in the selected row.
10. In the Interest code field, enter or select a value.
11. Select Save.
12. Close the page.
13. Go to Procurement and sourcing > Purchase orders > All purchase orders.
14. Select New.
15. In the Vendor account field, enter or select a value.
16. Select OK.
17. Select Add line.
18. In the list, mark the selected row.
19. In the Item number field, enter or select a value.
20. In the CFOP field, enter or select a value.
21. In the Quantity field, enter a number.
22. Select Save.
23. On the Action Pane, select Purchase.
24. Select Confirm.
25. Close the page.
26. Go to Accounts payable > Purchase orders > All purchase orders.
27. In the list, select the link in the selected row.
28. On the Action Pane, select Invoice.
29. Select Invoice.
30. Select Default from: Product receipt quantity to open the drop dialog.
31. In the Default quantity for lines field, select an option.
32. Select OK.
33. In the Access key field, enter a value.
34. In the Invoice date field, enter a date.
35. Select Post.
36. Close the page.
37. Go to Accounts payable > Payments > Payment journal.
38. Select New.
39. In the list, mark the selected row.
40. In the Name field, enter or select a value.
41. Select Lines.
42. In the list, mark the selected row.
43. In the Date field, enter a date.
44. In the Account field, enter a value.
45. In the Description field, enter or select a value.
46. Select Settle transactions.
47. In the list, find and select the desired record.
48. Select the Mark checkbox.
49. Select OK.
50. In the list, mark the selected row.
51. In the Offset account field, enter a value.
52. Select Post.
53. Close the page.