 |
|
||||||||||||||||||
Apply Finance ChargesAccounting > Accounts Receivable > Apply Finance Charges & FeesGeneral InformationThis screen enables you to define the criteria for establishing finance charges for overdue receivables. Note: When you apply finance charges, you cannot "undo" them unless you reset each individual order. Exercise care using this option! How to Use the ScreenAnswer the questions on the screen and press PROCESS to apply the charges or CANCEL to exit without processing. APPLY FINANCE CHARGES FOR ANY RECEIVABLES BETWEEN ___ TO ___ DAYS PAST DUE - enter a day range based on your own policy. The default entry is 1 day to 1 day. SELECT A METHOD FOR APPLYING INTEREST RATES - select either to Use A Flat Interest Rate for all customers, select to Use The Interest Rates Established For Each State or select to Use A Flat Rebilling Fee. If you select to apply rates by state, the interest rates must be defined in the Maintain Sales Tax Tables function. DESCRIPTION TO BE PRINTED ON STATEMENT - enter a description to be used for the finance charges on the customer statements printed in the Print Customer Statements function. ONLY APPLY FINANCE CHARGES FOR THIS CUSTOMER NUMBER - enter the customer number for this finance charge to be applied to. If a customer number is not specified the finance charges will apply to all customers meeting the APPLY FINANCE CHARGES FOR ANY RECEIVABLES criteria. |