Sales Based Charge (FR15.2)

Use Sales Based Charge (FR15.2) to define and maintain charges that represent a percentage of sales. Define a charge based on either a fixed percentage of sales or a sliding scale. You can further modify the charge by minimum and maximum amounts.

Note: Whenever possible, define your contract frequency to be the same as or greater than the frequency defined for your fiscal year calendar in FR00.1 (Calendar).

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To define charges that have a principal and interest computation, you can use FR15.4 (Note Based Charge).