Approve Interest Criteria Single Dialogs Workspace

Use this workspace to approve interest charge selections and print interest charge notices.

Maconomy prints interest charge notices automatically when you approve the interest selection from the Interest Charge Selection workspace (for one customer) or the Approve Interest Criteria workspace (for a group of customers).

After you approve an interest charge selection, you cannot change it. However, you can reprint interest charge notices.

When you use the Standard print layout, you must first prepare company-specific customers for interest charge selection. That is, you must reconcile all of the invoices for the selected customers with the payments that you have received from the customers before you print interest charge notices. The reason for this is that Standard layout based printouts include the full amount that is due on an invoice entry, whereas the interest charge calculation is based on the remainder amount due.

When you use the Detailed print layout, the printout includes entries that are relevant to the interest charge calculation-that is, entries that have been fully or partially reconciled with the original entry, and credit entries that have not yet been reconciled with other entries, if the associated interest charge/reminder principle applies to "Open" or "Open and Closed" entries.

After you create and revise it (if needed), you approve the interest charge selection. There can only be one interest charge selection per company-specific customer at the time. You create interest charge selections individually for each company-specific customer in the Change Interest Charge Selection workspace or for a range of company-specific customers in the Interest Charge Selection workspace.

You can specify whether or not Maconomy should print interest charge notices at the same time that you approve interest charge selections. Interest charge notices can also be reprinted.

After you approve the interest charge selection, you cannot change it. After you approve interest charge selections, Maconomy creates a journal of the type "Interest Charge Notice" that contains the interest charge entries. You can then post this journal in the Posting workspace in the G/L module.