Hypertext: Object Class - Class to which a document belongs.
Document Name
SIMG_ISPSFM_V_FM023R
This step allows you to determine the percentage of the penalty interest rate. Penalty interest must be paid on overdue invoices that are subject to the Prompt Payment Act. The penalty interest rates are time-dependent. The program calculates penalty interest with one interest rate. This rate is the one which is valid on the first day of the penalty interest period.
Activities
Enter the percentage rate for the calculation for the penalty interest.
Further notes
Further information on how to calculate penalty interest is available in the SAP library under IS-PS Public Sector -> Funds Management Government in the area Prompt Payment Act.