Customer Finance Charges
Big Business helps you assess finance charges for your past due customers with terms.
With Terms Access or All Access, you can Show List in Terms to Add or Edit entries. Enter Name (Net 30, 18% FC), check Assess, set Assess From, and Annual Rate (18).
Periodically, use the Finance Charge tool to create new Finance Charges as Misc. Sales. Issue Statements to show customers their Balance Forward or Open Items and charges.
See Finance Charge Category and Default Minimum Finance Charge in Customer Prefs.
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