Calculate finance charges and aging

This topic is under construction. It may be incomplete and is subject to change. 

When to use this procedure

Follow the steps below to complete the finance charge and aging calculations for your invoices and to calculate aging on those accounts that are established with a minimum payment due as opposed to the full outstanding invoice balance.

Note: Run Calculate Finance Charge/Aging once a month, prior to printing statements.

Steps to complete

Prerequisites: text here

  1. On the Modules menu, point to Customer and click Calculate Finance Charge/Aging.
  2. A message displays indicating the last date the finance charges and aging were calculated.
  3. Click Yes to continue with the calculations. The Calculate Finance Charge/Aging window displays.
  4. Select an option to force all finance charges to be a minimum amount or to disregard finance charges less than a certain amount.
  5. Enter an dollar amount (related to you selection in the previous step).
  6. Enter any notes that you want to included on finance charge invoices.
  7. Click Proceed.

Helpful links

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Calculate Finance Charge/Aging system variables

Calculate finance charge/aging overview

Calculate Finance Charge/Aging window