Finance Charge Account

Enter the General Ledger account which is offset to the finance charge. To post the finance charges there must be a balance entry to the General Ledger. One side of the entry is to the AR Acct and the other is to the Finance Chg Acct. This account is the default for the finance charge account entered on the A/R Parameters form.

Note:  This field maintains a G/L account number. The account number you enter in this field must be a valid account number in the Chart of Accounts.