Accounts Receivable: Finance Charge Billing

This program allows the user to create a Finance Charge Invoice for any customer with an outstanding balance. Select Finance Charge Billing on the Accounts Receivables Menu and the following screen will come into view.

Limit for Finance Charge Billing Creation

Finance Charges can be created for a single customer, a range of customers, or all customers.

Select Customers (check box)

Activates the ranges which are defined on the next lines. To select only one customer enter that number in both the From and To fields.

From

Selects the first customer in a range or a single customer Enter the number, or press the lookup button and the Customer Entry screen comes into view. Highlight the desired customer and press the Select button.

To

Selects the last customer in a range or a single customer Enter the number, or press the lookup button and the Customer Entry screen comes into view. Highlight the desired customer and press the Select button.

Accounts Receivable Invoice Batch to be used:

Enter the Accounts Receivable Invoice Batch where Finance Charge Invoices should be created or press the lookup button to select the Batch from a list.

Charge Interest on Current Finance Charge Balance (checkbox)

Check this box and the finance charge will be calculated on the outstanding balance including previously unpaid finance charge billings.

Proceed button

Press the Proceed button and the accounting system will create the corresponding Finance Charge Invoices in the selected Batch.