Finance charge late payment report

Run Finance Charge Late Payment to assess finance or late payment charges for customers that have finance charge options defined on the Customer.

Note: Run Application Closing before you run Finance Charge Late Payment so that data from all solutions are included.

Run Finance Charge Initiation to assess finance charges and late payments for a company that does not have those charges defined on in the company record. If you do not run Finance Charge Initiation first, then finance and late payment charges are assessed on all open, past due transactions for a customer regardless of transaction age.