Apply Finance Charges/Handling Fees

Use this procedure to apply finance charges and handling fees before you create monthly statements. Once finance charges and handling fees have been applied to accounts, the charges can only be reversed by making a manual adjustment on each account.
You can review the finance charges and handling fees that will be applied before you apply them and run monthly statements. Refer to theCustomer Finance Charge Listing and Customer Handling Fee Listing reports.
CARRR applies finance charges and handling fees based on the information you have set in Store Information.

- Select Account ProcessinguEdit Major Account from the main menu.
- Select Finance fee percent to apply, then enter the 1.5% amount.
- Select Save.

- Select Account Billing
Apply Finance Chg/Handling Fees from the main menu.
- Select Yes on the warning window to continue.
- Select OK.

- Select Account ProcessinguEdit Major Account from the main menu.
- Select Handling fee percent to apply, then enter the percentage amount.
(For Veteran Affairs, it is usually 10%.) - Select Save.
The process begins immediately to apply the finance charges and handling fees without chance to change.