Management of receivables includes checking whether amounts due are paid on time. If customers have overdue payments, you must decide when and how to send them a reminder. In addition, you may want to debit their accounts for interest and/or fees.
You can set up any number of reminder terms. Each set of terms is identified by a code.
Open the 
Reminder Terms
window.
Fill in the various fields. For Help about a specific field, click the field and press F1.
If you want to use more than one combination of the settings, you must set up a code (that is, a separate line in the window) for each one.
Creating Reminders Automatically