Paying Finance Charges

To apply customer payments to finance charges using the A/R Payments form, do the following:

  1. Fill in the fields of the form and enter the total amount of the payment in the Amount field, although part of the money may be applied to other things than finance charges.
  2. To save the A/R Payments record, select Actions > Save.
  3. To open the A/R Payment Distributions form, click the Distributions button.
  4. On the General tab, in the Type field, select Finance Charge.
  5. In the Dist Amount field, enter the amount of the payment to be applied to finance charge.

    You can create separate distribution records for the remainder of the payment.

  6. To save the A/R Payment Distributions record, select Actions > Save.
  7. Open the A/R Payment Posting form.
  8. To post all customers, accept the default values.
  9. Click Process.
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