Apply finance charges

Article • 4/27/2026 • 2 min read

You can apply finance charges to invoices for customers that are set up for them.

To set up a customer for finance charges, in the Financial Information tab of the Customer (CUST) window, select the Finance Charges check box.

To know how finance charges affect revenue before you apply them, see **.

To apply finance charges

  1. Open the Finance Charges (FINCHG) page.

    Select Financial Management > Financial Transactions > Accounts Receivable > Finance Charges.

Or

  1. Search for FINCHG in the Navigation box and then select Finance Charges. Finance Charges (FINCHG) page appears.

  2. In the Annual Finance Charge Pct (%) field, type the annual finance charge percentage or click the Calculator icon to display a calculator and select a value.

  3. In the Days Past Due Greater Than field, specify the number of days past which you want Made2Manage to begin calculating finance charges.

  4. Click the Debit (Usually=AR Trade) lookup reference button and select the GL debit account from the Lookup For Debit (Usually=AR Trade) window.

  5. Click the Credit (Usually=Interest Income) lookup reference button and select the credit account from the Lookup For Credit (Usually=Interest Income) window.

  6. On the Toolbar, click Run Now to calculate finance charges and add the charge to past due invoices.

    The Executing Command (Run Now) dialogue box appears with the con- firmation message.

  7. Click Yes to confirm.