Use this subtask to view the details of computed finance charge information for selected customer invoices. You can view all of the finance charge detail activity information about an invoice. This detail is located in the AR_FIN_CHARGE (AR Finance Charge) table, which is updated by the Compute Finance Charges screen. You can also view the computed finance charges in the Initialize A/R History screen (Accounting\Utilities\Transaction History). All fields in this subtask are display-only.
Use this subtask to view the computed finance charge detail of the cash receipt.
All fields in this subtask are display-only.
Use this subtask any time you need to view the computed finance charge detail of a customer invoice.
Where do these finance charges come from?
Finance charges are computed by customer in the Compute Finance Charges screen. In the Credit Info subtask of the Customers screen (Accounting\Maintain\Customers), the customer must have the Apply Finance Charges checkbox checked, and values in the Number of Grace Days and the Annual Percent fields to compute finance charges.
Finance charges are computed based on the customer annual percentage, the customer terms, the number of grace days allowed for the customer, and the ending subperiod date in the Compute Finance Charges screen. They are computed in the transaction currency of the customer and in the functional currency of the company.
This field displays the invoice number from the main screen.
This field displays the customer account from the main screen.
This field displays the customer name from the main screen.
This non-editable field displays the net finance charge computed for this invoice and customer. It is stated in the transaction currency of the customer.
This field displays the fiscal year that you entered in the Compute Finance Charges screen. It is used to calculate the amount of the finance charge.
This field displays the period that you entered in the Compute Finance Charges screen. It is used to calculate the amount of the finance charge.
This field displays the subperiod you entered in the Compute Finance Charges screen. The final day of the subperiod entered is used to calculate the amount of the finance charge.
This field displays the final day of the subperiod that you entered in the Compute Finance Charges screen. The final day of the supberiod entered is used to calculate the amount of the finance charge.
This field displays the number of days after the due date that the system will allow before calculating finance charges or applying a minimum finance charge.
You entered the number of grace days allowed in the Credit Info tab of the Customers screen (Accounting\Maintain\Customers).
This field displays the daily rate. The system uses the annual rate you entered in the Credit Info tab of the Customers screen (Accounting\Maintain\Customers) divided by 360 to calculate a daily rate that is applied to outstanding eligible balances.
This field displays whether or not interest is being calculated on charges.
Func Net Finance Charge Computed
This non-editable field displays the net finance charge computed for this invoice and customer expressed in terms of your company's functional currency.
Select this pushbutton to open the Exchange Rates subtask.
This subtask accesses the AR_FIN_CHARGE (AR Finance Charge) table.