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Finance Charge Rules

Owned by Kyle Niekamp
Last updated: 06 23, 2022 by Claire Aleman

Overview:

The Finance Charge Rules window allows you to define rules for calculating finance charges on past due customer invoices. These rules can be assigned to customers, so that PENTA can calculate finance charges on overdue customer invoices. This calculation will occur when you kick off the calculate finance charges process, something that should be processed during each accounting period end date.

Benefits:

  • Automatically calculate finance charges on past due customer invoices based on the rules you define
  • Automatically books the accounting entries for the calculated finance charges

Roles:

  • Accounts Receivable Manager

Location:

  • Billing & Accounts Receivable > Setup > Finance Charge Rules

Video:

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