Difference between revisions of "Assess Finance Charges Screen"
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*'''Interest Rate''' - Enter the interest rate for the finance charges, as specified in the [[View Customer Agreements Screen| customer agreement]]. | *'''Interest Rate''' - Enter the interest rate for the finance charges, as specified in the [[View Customer Agreements Screen| customer agreement]]. | ||
| − | Clicking the [Find] button will bring up any invoices that match the criteria you have entered. | + | Clicking the [Find] button will bring up any open invoices that match the criteria you have entered and display the following information: |
| + | |||
| + | * '''Invoice ID''' - This is the internal ID of the open invoice. | ||
| + | * '''Invoice Date''' - This is the date the invoice was issued to the customer. | ||
| + | * '''Customer Party''' - This is the name and internal ID of the customer who you sent the invoice to. Clicking on the customer name will take you to the [[Customer Statement Screen]]. | ||
| + | * '''Days Outstanding''' - This is the number of days since the invoice due date. | ||
| + | * '''Outstanding''' - This is the amount of money the customer owes your organization. | ||
| + | * '''Previous Finance Charges''' - This is the amount of money that have previously been charged to the customer. | ||
| + | |||
| + | You may assess the finance charges using the following fields: | ||
| + | |||
| + | * '''Finance Charge For Invoice''' - Enter the amount to be charged for the overdue invoice according to the interest rate. | ||
| + | * '''Description''' - Enter a brief description to distinguish the finance charge from other charges. Please note that the description will read "Finance Charge For Invoice #" (where the "#" space will automatically display the relevant internal invoice number) by default. | ||
| + | |||
| + | Clicking the check box next to any invoice for which you are assessing the finance charge and clicking the [Assess Finance Charges] button will assess the charges and update the screen to reflect the amount charged. | ||
Revision as of 05:44, 14 December 2007
This screen allows you to assess finance charges on overdue invoices created for customers. You may search for the invoices using the following fields:
- Party ID - Enter the internal ID of the party whose invoice you are assessing the charge to, or search for it using the lookup widget.
- Party Classification - Select the appropriate customer classification (for example, "Do Not Ship Customers" or "Net 30 day billing") from the drop down menu.
- Grace Period - Enter the number of days for the payment grace period according to your customer agreement.
- Interest Rate - Enter the interest rate for the finance charges, as specified in the customer agreement.
Clicking the [Find] button will bring up any open invoices that match the criteria you have entered and display the following information:
- Invoice ID - This is the internal ID of the open invoice.
- Invoice Date - This is the date the invoice was issued to the customer.
- Customer Party - This is the name and internal ID of the customer who you sent the invoice to. Clicking on the customer name will take you to the Customer Statement Screen.
- Days Outstanding - This is the number of days since the invoice due date.
- Outstanding - This is the amount of money the customer owes your organization.
- Previous Finance Charges - This is the amount of money that have previously been charged to the customer.
You may assess the finance charges using the following fields:
- Finance Charge For Invoice - Enter the amount to be charged for the overdue invoice according to the interest rate.
- Description - Enter a brief description to distinguish the finance charge from other charges. Please note that the description will read "Finance Charge For Invoice #" (where the "#" space will automatically display the relevant internal invoice number) by default.
Clicking the check box next to any invoice for which you are assessing the finance charge and clicking the [Assess Finance Charges] button will assess the charges and update the screen to reflect the amount charged.
