Versions
AccountMate 12 for SQL and Express
AccountMate 11 for SQL and Express
AccountMate 10 for SQL, Express, and LAN
AccountMate 9 for SQL, Express, and LAN
AccountMate 8 for LAN
Modules
AR
Article #1060
Finance charges are additional fees imposed for nonpayment of obligations within a specific period of time. AccountMate calculates and applies finance charges on past-due invoices based on parameters defined in the AR Module Setup, Pay Code Maintenance, and Customer Maintenance functions.
Our Article #1060: Understanding the Customer Finance Charge Feature discusses the requisites before finance charges can be applied and how AccountMate calculates finance charges with sample calculations.