Initiating charges

Use this procedure to begin assessing finance and late payment charges.
  1. Select Finance Charge Initiation.
  2. Specify this information:
    Company
    Select a company number.
    Start Date
    Specify the date to start assessing the finance charges.
    Update Option
    Select whether the update is for Report Only or Update and Report.
    Note:  Run this process one time in update mode.
    Default Code
    Select all customers with a specific default code for finance charge initiation.
    Customer
    Select a customer number.
  3. In the Report Distribution section, select a distribution list and an export type for Finance Charge Initiation Report.
  4. Click Submit.