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HI,
I have customer ledger in excel where debit\credit is there, i want to calculate interest penelty for each delay payment made after due date. pls help with formula.
What data do you have? Is it just values in a Excel sprea sheet?
(Credit / Debit) - 1 as a percentage.
You mean like:
LOAD
TransID,
Amount,
DueDate,
Interval(Today()-DueDate, 'D') as DaysOverDue
...
expression: =Amount * DaysOverDue * vDailyRate
?
M.
Expression1 = (Amount * DaysOverDue * vDailyRate) + Amount to get total outstanding amount including interest
Expression2 = (Expression1 / Amount) - 1 to get the total interest charged.
Regards,
Marius
hi give me your email id so that i can send you my excel file with requirement