Entering Finance Charges Manually

  1. Open the Finance Charges form.
  2. Filter for the customer.
  3. These fields are populated based on the customer:
    (Customer Name)
    The customer's name is displayed.
    Currency
    The customer's currency code is displayed.
    Finance Charge Date
    The current date is displayed. Optionally, select a different date.
    Past Due Amount
    The amount of the balance owed that is past the due date is displayed.
  4. Specify this information:
    Finance Charge
    Specify the amount of the finance charge.
    G/L Reference
    Specify a description for the transaction. This reference is posted to the G/L as part of the G/L Journal Transaction.
    Description
    Specify any additional description.
    A/R Account
    The default A/R account is displayed. Optionally, select a different account to which to post the finance charge.
    Finance Charge Account
    The default account is displayed. Optionally, select a different account to be offset to the finance charge.
  5. Save the record.
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