A/R Finance Charge Generation

Use the Finance Charge Generation activity to calculate finance charges for customers that have a past-due balance and whose Finance Charge check box on the Customers form is selected.

Accounts Receivable uses the Finance Charge Parameters specified on the Accounts Receivable Parameters form to determine:

• the finance charge rate
• the minimum charge
• whether to charge the minimum
• whether to compound finance charges.

Related Topics

Accounts Receivable Steps

Calculating A/R Finance Charges

Entering Finance Charges Manually

Generating and Posting Finance Charges

Using Utilities and Activities