Review Finance Charges

This program lists the finance charges by customer number as calculated in Calculate Finance Charges so that the proposed charges may be reviewed and edited before posting to the G/L and to the customer accounts.
The Finance Charge transactions displayed with the customer, finance charge date, currency, amount, and the division if the option to Activate G/L Posting By Division feature is activated in Support Application Parameters.

Note: When Finance Charges are generated by Divisions, separate Finance Charges records are calculated for invoices overdue at each Division. This means a customer could have multiple Finance Charges for different divisions in the same month.
In this edit utility, the dates of the pending Finance Charge transactions reflect the last time an unposted calculation was run for that division, and if the Calculate Finance Charges is re-run before posting, the transactions for the re-calculated divisions will be over-written for the new date and charges.

Finance charge Amounts can be changed, and finance charge records can be deleted from this list before accepting.

To delete a single record, click on the sequence number for the record and then click the DELETE button at the bottom.
Confirmation is required before the this record is removed from this Edit List worksheet.

Note: To remove a customer permanently from the Finance Charge Edit List, change the Finance Charge flag for the customer in Customer Information.

After reviewing and approving this list, the finance charge Amount can be issued to each of the customer accounts and posted to the General Ledger through Post Finance Charges.

ACTIONS:
Additional actions provided by buttons on the Review Finance Charges screen include:

• Print the Pending Finance Charges:
  Click the PRINT button to output this list of customers displayed on the screen that will be billed Finance Charges to a report.

• List the Pending Finance Charges in a Spreadsheet:
  Click the EXCEL button to output this list of customers displayed on the screen that will be billed Finance Charges to a spreadsheet.