If you want to charge customers interest on invoices and outstanding items, you must specify your interest settings in agrē.
Every invoice has a chargeable date that you specify typically on the day of, or one day after, the invoice due date. On the chargeable date, any outstanding items (e.g., unpaid invoices or items on invoices, outstanding account adjustments, etc.) are subject to interest charges and are referred to as chargeable items.
If you do not have a chargeable date defined, agrē automatically sets the invoice chargeable date to one day after the invoice due date.
The hierarchy for interest settings used in AR charge calculations is:
1. Customer
2. Term Group
3. Location
4. Company
Note
Chargeable items must have unique reference numbers.
What you'll find: