Finance Charge (AR07.1)

Use Finance Charge (AR07.1) to define and maintain finance charge codes.

You can assign a monthly finance rate to a code. Use finance charge codes to calculate finance charges on open, past due items and to calculate late payment charges. When you assign a finance charge code to a company or a customer, associated code parameters are referenced from this form. You can use the finance charge codes you define on this form for any company or customer.