The Finance Charge Terms Table
Here you can specify which entries should be used in interest calculation on finance charge memos. To see the options available, click the AssistButton to the right of the field.
You can choose between the following options:
|
Open Entries |
Open customer ledger entries |
|
Closed Entries |
Closed customer ledger entries |
|
All Entries |
Both closed and open customer ledger entries |
In contrast to finance charge memos, interest calculation on reminders only include open entries. However, if you choose Closed Entries in this field, interest on reminders will also be calculated on partially-applied entries if they were overdue at the time of payment.