Check this option if the customer should be charged a finance charges for past dues invoices.

 

•Finance charges are normally generated during the Close Period process, but they can be manually generated at any time using the Customer ribbon Recalculate drop down menu Compute Finance Charges utility.

• Physical invoices are not created for finance charges, but they are assigned an invoice number and they will be shown on the customer's printed statement.

•The Finance Charge report can be used to view finance charges that have been billed.