The Finance Charge Terms Table
Here you can enter the length of the grace period for this set of finance charge terms.
The grace period determines when the finance charge memo will be created. The grace period for the first finance charge memo is calculated from the due date of the outstanding invoice. The grace period for subsequent finance charge memos is calculated from the due date of the previous memo.
The grace-period formula can contain a maximum of 20 characters, consisting of numbers and the letters, that the program recognizes as abbreviations for time specifications.