At the end of each month, you may want to apply Finance Fees to Customer accounts to encourage prompt payment.
| Billing Period From/Thru | Date range for which the statements should show all activity. |
| Posting Date To Use | Date you want the Finance Fees to reflect. This will normally be the first business day after the Billing Period. |
| Minimum Balance | Minimum Customer Balance for which to apply a Finance Fee. Customers with a balance less than this amount will not receive a Finance Fee. If you want to all customers with a balance to receive a Finance Fee, set this to zero.
Note: Customer Balance is the amount for which the customer is responsible for. It does not include any amounts which are currently the responsibility of a Payor. |
| Monthly Finance Fee % | Finance Fee percentage to apply to outstanding Customer Balances.
Note: This can only be changed in Company Edit. See Company Edit, Receivable |
| Minimum Finance Fee | Minimum Finance Fee to apply to a Customer’s account if they should received a Finance Fee.
Note: This can only be changed in Company Edit. See Company Edit, Receivable |
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