Good afternoon,
What has been the best approach you have found to add a finance charge to certain invoices or customers accounts based on age of invoice?
If I was looking to add finance charges to invoices older than a year or a customer that severely past due...what approach do you use?
+11Hi
We modify the standard Acumatica report (ie: "AR Aging MC" report) to see which customers are overdue. We add a column for the number of days overdue.
Based on the payment penalty provisions in the contract with the customer. We will charge the customer an additional overdue fee by creating "Non-Stock Items" as "Finance Charges" > Then create "Invoices and Memos" to collect the overdue fee > In the "Invoices and Memos" screen, select "Non-Stock Items" as "Finance Charges"
Best Regards,
NNT
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