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Override finance charge amounts

If you override a finance charge amount, the application updates the finance charge amount for minimum finance charge rows based on the override amount for the transaction. If the override forces the overall finance charge amount for the customer to reach the minimum finance charge amount, then the minimum finance charge row will remain, but it will display the amount as $0.00 in red text.

Example

The minimum finance charge is $10.00 and the customer has 2 invoices that are past due - 1 with a finance charge amount of $5.00 and 1 with a finance charge amount of $3.00. The total for the 2 invoices is $8.00. Accounting CS adds a minimum finance charge row to the grid with an amount of $2.00 to make up the difference between the minimum and the total for the 2 invoices.
If you override the $3.00 finance charge amount with $4.00, the amount in the minimum finance charge row changes to $1.00, and both overrides are displayed in red text. Note that the overall finance charge amount for the customer remains $10.00.

This article applies to:

  • Product: Accounting CS
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