accounts receivable Reports

Finance Charge Update

Last Revised: 04/29/14

Before utilizing this program, the operator must compute the finance charges. Once this action has been completed, the operator should review the Finance Charge Listing to ensure accuracy. If any errors were made, they can be corrected in Finance Charge Maintenance.

After correcting any errors, the operator can then use this application to update the finance charges by indicating the date. The information will be posted to the specified General Ledger account. Choose Y to update and choose N to cancel the update.