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Balance Interest Calculation on Both case (Advance & Invoice)

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Dear Guru,

 

I have a doubt in Balance Interest calculation:

 

My client required Balance interest calculation on advance & Invoice both case before clearing advance.

 

For example.

Interest Rate is @13.50%

Advance amount received from Customer Rs. 7000/- on 01.11.2014

and book a Invoice on 10.11.2014 Rs. 17000/-

 

Balance amount = (Rs.17000-Rs.7000) = Rs. 10000/-

 

Client required interest Calculation scenario as under

 

Rs. 7000.00 X 13.5% X 9/365 =  Rs. 23

 

Rs. 10000.00 X13.5% X21/365 = Rs. 78

 

So Interest credit Rs. (78-23) = Rs.55

 

So closing balance of Customer = (Rs. 10000 + Rs. 55) = Rs. 10055.00

 

Kindly provide all possible solution for above scenario.


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