Finance Charges

Purpose:

This option allows the user to change the Finance Charges for company’s customer, and posted them.

Usage:

In this option the user is able to see a list that shows for how long the customers have have their current balance, and it also shows the amount of it. First, go to the main menu Sales/Finance Charge.

1- Here the user can change the “Finance Percent” (which is the amount of money that the company charges for late payment). If the "Finance Percent" was changed, by doing click on the “Recalculate” button the BSC software will recalculate the “Finance Percent” for each customer, you will see a difference just if the number on the “Finance Percent” box was change.

2- Select the customers for which you want to post the “Finance Percent” and click on the “Post” button to add this amount to the previous balance.