This article will cover how to Assess Finance charges to customers open balances.
- To start you will go to Activities>Finance Charges section.
- This will show the window for “Assess Finance Charges to Customer Balances”. You will now set the “End Date” (Last day you want to add the finance charges for) along with the percentage you will be adding to the open invoices in the “Amount” field.
- You can also choose to print out each invoice that has been updated by selecting the “Print each invoice” check box.
- Now you can choose the customers you want to include by selecting your option under “Customers to Include” here you can choose “All”, “One”, or “Tagged” customers to include.
- Now that you have made your selections, you can select “OK” and the Finance charges will get added to the applicable invoices. This will show up as a new invoice listed as “(po Finance Fee)”, it will add up all the open invoices for the customer and create a new sale with the total Finance Fee calculated on it.
