+ Reply to Thread
Results 1 to 2 of 2

need to calculate interest on invoices each day past due until paid and leaving the int

  1. #1
    Registered User
    Join Date
    11-20-2012
    Location
    India
    MS-Off Ver
    Excel 2007
    Posts
    1

    need to calculate interest on invoices each day past due until paid and leaving the int

    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.
    Attached Files Attached Files
    Last edited by deeepan2005; 07-25-2020 at 02:02 AM.

  2. #2
    Forum Expert Pepe Le Mokko's Avatar
    Join Date
    05-14-2009
    Location
    Belgium
    MS-Off Ver
    O365 v 2504
    Posts
    13,640

    Re: need to calculate interest on invoices each day past due until paid and leaving the in

    Administrative Note:

    Welcome to the forum.

    We would very much like to help you with your query, however it has been brought to our attention that the same query has been posted on one or more other forums and you have not provided the required cross-post link(s) here.

    Please see Forum Rule #3 about cross-posting and adjust accordingly. Read this to understand why we (and other sites like us) consider this to be important.

    As you are new and probably missed the forum rules I will add it for you https://www.mrexcel.com/board/thread...terest.1141097

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 5
    Last Post: 11-10-2017, 10:35 PM
  2. Formula to calculate Amount Paid and Amount Past Due
    By TinaAlldredge in forum Excel Formulas & Functions
    Replies: 3
    Last Post: 08-11-2016, 09:19 AM
  3. [SOLVED] Need macro to calculate total interest paid over a period with changing interest rates
    By fmcg in forum Excel Programming / VBA / Macros
    Replies: 7
    Last Post: 06-08-2016, 10:29 AM
  4. Replies: 7
    Last Post: 08-14-2013, 07:04 PM
  5. Replies: 6
    Last Post: 04-22-2013, 12:50 AM
  6. [SOLVED] need to calculate interest on invoices each day past due until paid, I have varying rates
    By nanonetwork in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 05-03-2012, 02:12 PM
  7. HOW to calculate the interest paid between 2 custom periods?
    By TiDz in forum Excel Formulas & Functions
    Replies: 1
    Last Post: 06-30-2006, 07:50 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1