Use the Interest Adjustment window to charge or refund a customer’s interest. Interest Adjustments are made from the Customer Account window.
Note
Interest adjustments have unique reference numbers that are a subset of account adjustment reference numbers.
I want to Undo Interest Charges instead.
To make an interest adjustment
Click the Customer Account toolbar button and find the customer.
The Customer Account window opens.
In the Customer List, enter the customer who requires an interest adjustment and then click Use Selection.
The Customer Account Information window opens.
Click Interest Adjustments.
The Interest Adjustment window opens.
In the Adjustment Date box, optionally change the date that you are making the interest adjustment.
Today’s date is selected by default.
In the Interest adjustment amount box, enter the amount of interest you are charging or crediting the customer.
Use a positive number to charge interest and a negative number to credit the customer.
Note
GL Account displays the default GL account for interest as specified in your interest settings for the selected location.
In the Comment box, enter comments about the interest adjustment for your own use. These comments are printed on Customer Account Adjustment Receipts.
Under Interest, select the Charge interest on this adjustment check box to charge interest on the adjustment.
- or -
Clear the Charge interest on this adjustment check box to not charge interest on the adjustment.
In the Interest Rate box, enter the interest rate percentage to charge on the adjustment.
In the Chargeable Date box, enter the date that the adjustment starts accruing interest.
(Config U, L,C) Click Save.
A message appears: “Would you like to preview an adjustment report?”
Click Yes to save, preview, and optionally print the Adjustment report.
Click No to save without previewing.