Generating Finance Charges

To calculate finance charges for customers who have a past-due balance and for whom the Finance Charge check box on the Customers form is selected, use the A/R Finance Charge Generation utility.

To post the finance charges, use the Finance Charge Posting form.

On the A/R Finance Charge Generation form, enter information in these fields:
- Site Group: Enter the multi-site group ID for which you want to generate finance charges.
- Start and End Customer: Enter the range of customers you want to generate finance charges for.
- Statement Cycle: Select from the drop-down list the statement cycles you want to generate finance charges.
- Cutoff Date: Enter the cutoff date of the transactions you want to include in the calculation.
- Include Fully Paid Invoices: If you want to include invoices that are fully paid, but which are late, select this check box.
- Delete All Records First: If you want to delete all finance charge records before generating the new amounts, select this check box.
- Increment Date: If you want the system to automatically increment date ranges and re-run reports and utilities, select this check box.
To generate finance charges for the selected customers, click Process.