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Calculate interest on a series of debits and credits rather than a single amount, eg:

 

DATE            DESCRIPTION        AMOUNT            BALANCE

18/09/2005        Invoice No. 16        $7,570.31        $7,570.31

28/09/2005        Payment        -$6,973.91        $596.40

08/10/2005        Invoice No. 17        $7,990.37        $8,586.77

28/10/2005        Invoice No. 18        $8,694.09        $17,280.86

27/11/2005        Payment        -$7,479.75        $9,801.11

 

This mode allows you to control whether interest is applicable to each item or not.