Initiating charges

Use this procedure to begin assessing finance and late payment charges.

Select Finance Charge Initiation.
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.
In the Report Distribution section, select a distribution list and an export type for Finance Charge Initiation Report.
Click Submit.