I need help. I have created a spreadsheet to calculate interest.
the problem is that I need to be able to differ between interest rates for each invoice.
the interest rates ie 18%/Yearly I will divide the percentage by 365 to accurately calculate daily rate.
I want the program to calculate from the first day it becomes past due until it is paid.
I am having two range of data's 1. invoice date and invoices amount 2. amount paid and paid date
i need to calculate the interest for ageing 60 days as overdue daily interest to be adjusted by next payment made carry forwards the outstanding as overdue.
i have attached the samples.
Kindly help.
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