Interest is calculated by:
Interest Start:
[Check Date] is the starting point for calculating interest.
If [Check Date] is missing, then [Invoice Date] is used instead.
If [Invoice Date] is missing, then [Created Date] is used.
If the case’s [Financing Start Date] is set, it will be used when [Check Date] is before [Financing Start Date].
Interest End:
[Date of Distribution] is used. If [Date of Distribution] is missing, then [Settlement Date] is used.
Interest Rate:
The rate from the settlement screen is used. If the rate from the settlement is set to Auto, rates from the picklist Settlement Interest Fixed Rates are applied.
Additional configurations:
Disbursements can be excluded from interest based on Disbursement Type in the System Parameter “Disbursement types to exclude from expenses table merge codes”.
References
Interest on disbursements
Variables:[Is Financed] = Case Financing setup on the Disbursements page. Case marked as Financed.[Financing Start Date] = Case Financing setup. If not null, do not calculate interest before this date.[Is Prior Financed] = Case Financing setup. If True, calculate interest even if [Disburement Date] is before [Financing Start Date][Specific Status] - SP "Disbursement status that indicates that the cost(expense) was financed...". If not null, interest is calculated only on disbursements in this status.[Excluded Types] - SP "Disbursement types to exclude from expenses table merge codes". Disbursements with selected types are excluded from interest calculation.[Ignore previous] - SP "Ignore previous settlements when calculating interest on disbursement if its interest amount is 0"[Is Financed By Default] - SP "Charge interest on case expenses by default". All cases are considered as Financed, regardless case's [Is Financed] value.[Disbursement Date] = first not null value from the following: If [Specific status] is not null then [Status Date] -> [Check Date] -> [Invoice Date] -> [Created Date][Interest End Date] = if [Date of Distribution] is not null then [Date of Distribution] else [Settlement Date].[Disbursement Interest Start] = Start date to calculate interest for specific disbursement. If [Disbursement Date] > [Financing Start Date] then use [Disbursement Date] else [Financing Start Date]
Interest is calculated on all client disbursements based on the following rules:
If
[Ignore previous]is True: find the previous settlement with[Settlement Date]before[Interest End Date]and[Interest on Disbursement]not equal to zero and exclude all disbursement with[Disbursement Date]before or equal to that settlement's[Interest End Date]If
[Interest Rate]is set to Auto, use rates from the picklist "Settlement Interest Fixed Rates" for[Effective Date]