Applying Finance Charges

1. When you first enter the Apply Finance Charges option, at the Customer field, enter in the six-character customer ID code to apply individual finance charges, or enter "//////" for all customers.

If you are uncertain of the customer code, see Navigating Net Yield - Selecting a Customer Code.

If you press Enter without making an entry to the Customer field, the system will exit this option.

2. The account information and finance charge for the customer or customers selected will appear if they have been flagged within Customer to receive finance charges. Customers set to Finance Charge "No" will not appear on the list. Command options will appear:

• Add – Select Add to add this amount of finance charge to the customer account balance.
• Exit – Select Exit and the system will not add the finance charge.

3. If finance charges exist for this customer, the previous finance charge will display. Command options will appear: Replace, Delete, Exit.

• Replace – Select Replace and the system will replace the old finance charge with the new one.
• Delete – Select Delete and the system will delete the finance charge from the customer's account balance.
• Exit – Select Exit and the system will exit and leave the old finance charge unchanged.

4. Continue to Add, Replace, or Exit for each customer or press Escape to exit the option.

For more information on the Apply Finance Charge option, see Apply Finance Charges.

Security Required : Receivables - Receivable Adjustments