Calculate the impact of finance charges on revenue

Article • 8/22/2025 • 1 min read

You can determine the money realized by the application of finance charges to customers with whom you have credit term agreements.

To set up a customer for finance charges, in the Financial Information tab of the Customer (CUST) window, select the Finance Charges check box. For more information, see “Set financial information for a customer, prospect or distributor”.

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, specify 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 after the due date to begin calculating finance charges.

  4. On the Toolbar, click Calculate Impact.

    The fields in the Currently Eligible For Finance Charges area are updated and indicate the amount you can realize by applying the finance charges.