Accounts Receivable > AR Finance Charges

A finance charge is interest chargeable on past due customer invoices. It may be a flat fee or a percentage of borrowings, depending on your settings in the AR Module Setup function.

In AccountMate, you can record the following transactions involving finance charges:

•Apply finance charges to past-due customer accounts

•Adjust finance charge amount applied to customer past-due balances

•Print reports on finance charge transactions

Note: You can apply finance charges against past due invoice balances only for invoices with pay codes that are marked as subject to finance charges and if the customer is set to apply finance charge in the customer's maintenance record.

AR Finance Charges

AR Finance Charges

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