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kashifk
New Member

Power Query, Interest Calculations for Lump Sum Payments made

‎05-18-2023 05:29 AM

Hi,

We have raised some invoices and payments were received for those invoices BUT IN LUMP SUM way. Now we have to charge interest, since payment was received belatedly, can we do it in power query. below is the example:

Details of invoice

Date of InvoiceAmount
01-01-20221000
05-05-202215000
07-11-202223000
02-03-202311200
Total Invoice Value50200

 

Details of payments

Date of payment 
30-09-202225000
30-04-202325200
  
  
 50200

 

Rate of interest is 5% chargeable from the last day of the month of the invoice till payment is made.  

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