Calculating and Posting Finance Charges

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Accounting > Accounts Receivable > Calculate Finance Charges

Inside the Primary Grid:

1. Click the [New] button in the Action Ribbon.

Within the Calculate Finance Charges Screen:

2. Input a Schedule number, if applicable.

-or-

Click the magnifying glass to search for a schedule.

3. Input an annual Interest Rate, if applicable.

4. Input a Minimum Finance Charge, if applicable.

5. Click the Journal dropdown and select a journal, if applicable.

6. Input a date in the Calculate Charges on Amounts Posted on or Before field.

7. Input an Accounts Receivable Account number, if applicable.

-or-

Click the magnifying glass to search for an Accounts Receivable Account number, if applicable.

8. Input a Finance Income Account number, if applicable.

-or-

Click the magnifying glass to search for Finance Income Account number.

9. Click the [Calculate] button in the Action Ribbon.

10. When all changes have been made, click the [Post] button in the Action Ribbon.

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