Assessing & Creating Finance Charges

This video explains how to configure and apply finance charges in 10X, including setting default rules, assessing charges, and managing the resulting invoices. Finance charge settings can be defined globally or customized per customer, and users can generate charges based on aging, grace periods, and frequency. Once charges are created, they appear as AR invoices and are handled like standard receivables.

• Go To Admin > Accounting > Finance Charges To Set Default Invoice Account, Grace Days, Frequency, and Inclusion Options
• Navigate To Accounting > Accounts Receivable > Finance Charges To Access The Assessment Tool
• Adjust Aging Date, Grace Days, Charge Rate, Frequency, and Minimum Charge As Needed
• Override Defaults Per Customer to Apply Global Settings To All Customers
• Select Customers With Late Balances And Click Create Finance Charges
• Review Generated Charges And Optionally Send Them Via Invoice Email
• View Finance Charges In AR Invoices Table Using The Type: Finance Charge Filter
• Receive Payment Or Issue Credit As You Would For Any Standard Invoice