Creating standard note-based charges

  1. Select Financials > Franchise Billing > Setup Franchise Billing.
  2. On the Note Type Charges tab, select Create Note Based Charge.
  3. Specify this information:
    Company
    Specify the company number of the company for which you want to create a note-based charge.
    Charge
    If you are adding a new charge, specify a charge identifier. If you are inquiring on an existing charge, specify a valid standard note-based charge.
    Currency
    Specify the company base currency code. It is defined on the Company page.
  4. Under Options, specify this information:
    Frequency
    Select the frequency of the charge.
    Note:  You can select any frequency. These charges can be copied to the Note Based Charge page when you create customer contracts. Consider assigning a frequency that meets the requirements for the Frequency field on that page.
    Taxable
    Select whether the charge is exempt or taxable.
    Tax Code
    Specify the tax code.
    Interest Rate
    Specify the annual interest rate for the note.
    Print Balance On Statement
    Select whether to print the balance on the statement.
  5. Under Accounts, specify Global Ledger accounts, activities, and account categories for the standard note-based charge.
    Note:  Because this is a note-based charge, both Note Accrual, which is principal accrual, and Interest Accrual are tracked in the Global Ledger.
  6. Click OK.