Accounting For Interest Charged On Customer Accounts - Pastel Question

[Debbie Mitchell]

If someone could assist it would be so appreciated.

How would you go about processing interest on a outstanding customers account

What would the financial category be if I were to set up a GL code and process a Journal Entry

Many Thanks

[Dave A]

Income - Interest received

[BBelinda]

HI'

I would like to know how to add interest onto the overdue customer accounts on Pastel Please. How to capture the interest on Pastel setup.

thank you