• Overview
• Setting the defaults for Interest Charges
• Process the interest charges
• Eliminating interest charges
• Printing interest invoices
• Viewing only interest invoices on the Invoice Journal

Setting the defaults for Interest Charges

1. On the File menu, click Company Profile and click the Receivables tab.
2. Under Interest Charges, Enter default information pertaining to the processing of interest charges. This information can be changed as necessary. Select
1. the rate;
2. a minimum amount on which to charge interest;
3. the number of days an account must be overdue before interest is charged
4. a three-digit identification code to precede the transaction number (Do not use the characters *, ? and ".);
5. a last interest number used to indicate the starting number for the interest invoices. For example, enter 0000 so that the interest numbering will start at 0001. The number when combined with the ID must be 7 characters long;
3. Set any other defaults for receivables and then close the Company Profile.