Select this check box if you want Costpoint to calculate finance charges for customer statements automatically. If you select this check box, you must enter additional information so that the system can properly calculate the finance charges for past due accounts or amounts on credit.

Select this check box to apply finance charges on top of the sum of the previous invoice balance due plus prior finance charges. Leave the check box cleared to apply finance charges only to the unpaid invoice amounts.

Enter the number of days after the due date that the system allows before it calculates finance charges or applies a minimum finance charge. This field cannot be blank.

Enter the rate to be applied on a monthly basis. The annual rate is calculated automatically by multiplying the monthly rate times 12.

Enter the rate to be applied on an annual basis. The monthly rate is calculated automatically by dividing by 12.

Enter the headings of the columns on the Accounts Receivable Aging Report. For example, the typical first Heading entry is Current. Enter the remainder of the headings as ranges of days, such as 31-60 and 61-90.

These headings must tie in with the Days From and Days To ranges. The Days From and Days To ranges refer to "days past due" because aging is done from the due date rather than from the invoice date.

Enter the upper limit of the day ranges for aging accounts receivable in the Days To field. The program calculates each Days From value by adding 1 to the previous row's Days To value. Aging of invoices is done from the due date rather than the invoice date.

For example, if the range of days in the Heading field is 31-60 (meaning 31-60 days past due), enter 60 in the Days To field (this assumes that the previous Days To entry is 30). All columns on the Accounts Receivable Aging report are aged according to the days ranges specified in these columns and are labeled according to the label specified in the Heading column. Your days ranges and your column labels must correspond.

Enter a label for each user-defined field. You can use these user-defined fields to store additional categories of data about each customer. You enter the data in these fields on the Manage Customers screen, and the data is stored in the Customer table.

For example, you could use User Defined Label 1 to store the account manager who is responsible for the customer. On the Configure Accounts Receivable Settings screen, enter Account Manager in User Defined Label 1. In the Account Manager field on the Manage Customers screen, enter the name of each customer's account manager.

This field displays the transaction type description that is provided by Costpoint. You provide the default account, organization, and reference numbers for each transaction type.

Enter, or click to select, a valid account for the transaction type shown on each row.

Enter, or click to select, a valid organization for the transaction type shown on each row.

Enter, or click to select, a bank account abbreviation of up to six characters for the transaction type shown on each row. This is a required field.

Enter, or click to select, a valid reference number 1 for the transaction type shown on each row. You initialize reference numbers on this screen only if they will be used in data entry.

Enter, or click to select, a valid reference number 2 for the transaction type shown on each row. You initialize reference numbers on this screen only if they will be used in data entry.