COMPUTE CUSTOMER FINANCE CHARGES
Use the Compute Customer Finance Charges screen to calculate interest charges on your outstanding invoices by either customer account or by invoice number. You can also print a report that displays all of the finance charges that you have assessed.
Running this process does not post any amounts nor does it affect the General Ledger. Posting only occurs when you receive the funds for the finance charges
Select the Apply Finance Charges check box in the Credit Information tab of the Manage Customers screen before you access the Compute Finance Charges screen.
Location
Identification
Use the fields in this block to create a new parameter ID or to retrieve
a previously saved parameter ID. A parameter ID represents a set of screen
selection parameters. After you have saved a parameter ID and its related
parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes
more efficiently and with greater consistency. The saved parameters are
also useful and necessary when you want to run the process as part of
a batch job. Many users save a unique set of parameters for each different
way they run a report or process. When you select a previously saved parameter
ID or parameter description, the associated saved screen selection parameters
automatically display as selection defaults. The page setup and print
options are also included in the saved parameter ID if there are any.
You can change any of the associated selection defaults as necessary.
Parameter ID
Enter, or click 
to select, a parameter
ID of up to 15 alphanumeric characters. Choose characters for your parameter
ID that help identify the type of selections you made in the screen, such
as PERIOD or QUARTERLY.
When you save your record, all the selections made in the screen are
stored with the parameter ID. Later, you can retrieve the parameter using
Query.
You can use the parameter to run the process more efficiently because
you can select the parameter ID with its previously defined screen selections.
After the default selections display in the screen, you can override the
defaults.
Description
Enter, or click to select, a parameter
description of up to 30 alphanumeric characters.
Selection Ranges
Select By
Use the drop-down list to choose whether to compute the finance charges by customer account or by invoice number.
Options
Enter, or use the drop-down list to select, the range of customer accounts or invoice numbers for which you want to calculate finance charges.
The options are:
-
All — Select this option to include all available customer accounts or invoice numbers. The Start and End fields are disabled for this option.
-
One — Select this option to include only one customer account or invoice number. You must enter that customer account or invoice number in the Start field. The End field is disabled for this option.
-
Range — Select this option to include a contiguous range of customer accounts or invoice numbers. You must enter the beginning customer account or invoice number for the range in the Start field and the ending customer account or invoice number of the range in the End field.
-
From Beginning — Select this option to include all the customer accounts or invoice numbers from the beginning of the available customer accounts or invoice numbers to a specific customer account or invoice number in the range. You must enter the last customer account or invoice number for the range in the End field. The Start field is disabled for this option.
-
To End — Select this option to include all the customer accounts or invoice numbers from a specific customer account or invoice number to the end of all the available customer accounts or invoice numbers. You must enter the customer account or invoice number from which the range should begin in the Start field. The End field is disabled for this option.
Start
If you selected One, Range, or To End in the Option field, enter, or click 
to select, the starting customer account or invoice number to include for finance charges for that option. This field is unavailable if you select All or From Beginning in the Option field.
End
If you selected Range or From Beginning in the Option field, enter, or click to select, the ending customer account or invoice number to include for finance charges for that option. If you select All, One, or To End in the Option field, this field is unavailable.
Ending Period
Accounting Period
This field displays One to indicate that you can compute finance charges for one fiscal year, period, and subperiod.
Fiscal Year
Enter, or click to select, the fiscal year of the finance charges that you want included in the computation.
Period
Enter, or click to select, the period of the finance charges that you want included in the computation.
Subpd
Enter, or click to select, the subperiod of the finance charges that you want included in the computation.
Ending Date
This field displays the ending date for the fiscal year, period, and subperiod that you select.
Each invoice will have its corresponding finance charge amount.
Options
Purge Computed Finance Charges
Select this check box to delete all computed finance charges from the accounts receivable finance charges table. This process does not delete any information from the Accounts Receivable History table, so your customers' accounts receivable records are still accessible. Purging computed finance charges makes more space available in your database.
Print Finance Charges Report
Select this check box to print the Finance Charges report. This check box is selected by default.
Include invoices with no current period charges
Select this check box to include those invoices that have no current period charges.
Compute Finance Charges
Click 
drop-down and select Compute Customer Finance Charges to compute the finance charges. A list of finance charges will be printed for the computation.
Print/Compute Finance Charges
Click drop-down and select Print/Compute Customer Finance Charges to compute the finance charges and then print a list of the charges.