Finance Charges

The Finance Charges form is where you can assess and create Invoices for the finance charges incurred by your customers delaying payment beyond their Terms.  This form will only display transactions that are overdue based on the criteria you enter at the top of the form.  You can individually select which transaction or customer you will assess a finance charge for or use the Select All or Clear All buttons.  You also have the ability to automatically post the Finance Charge Invoice upon creation.

Enter the Date you are assessing the finance charge in the Finance Charge Date field.  Then select the Account ID in the Finance Account ID field.  Next enter the minimum acceptable days past due in the Minimum Days Past Due field.  Also select the minimum days since the last finance charge in the Minimum Days Since Last Charge field.  Now enter the Minimum Customer Balance and the Minimum Finance Charge you wish to accept.

Note:  If you wish to calculate the finance charge by actual days or to charge past due finance charges make sure those check boxes are checked.  Select the Auto Post Finance Charges when Creating check box if you wish to do so.

Click on box by each line item you want to create a finance charge for.  You need to click the Calculate button to populate the Line Item Detail with the appropriate transactions based on the criteria you have entered above.  When you have verified the amounts to be charged and have selected the transaction, press Create Finance Charges Button.  This will create the Finance Charge Invoices that will need to be posted.

Toolbar Buttons

Toolbar Buttons perform an action on the current record.

The Print button will open the Print dialogue form so you may make your printing selections.

The Create Finance Charges button will create the Finance Charge Invoices which will need to be posted.  See: Posting Invoices.

The Calculator button will calculate and populate the Line Item Detail with what customers and invoices have fallen within your specified criteria.

The Select All button will automatically select all the listed transactions.

The Clear All button will automatically clear all the listed transactions.

The Close button will close the Finance Charges  form.

Press F1 or click F1-Help at the bottom left corner of the form for help on what this form is all about.