Many businesses charge late fees or finance charges on invoices that are overdue. This allows business owners to recover costs incurred by carrying unpaid bills on their books. Finance charges are usually calculated on a monthly basis for all transactions that meet the criteria that set up by the business owner. To set up finance… Continue reading About Finance Charge
Tag: Finance charge
Create a Saved Search to list all Finance Charges — Invoices
Create a Transaction Saved Search to list all Finance Charges – Invoices.1. Navigate to List > Search > Saved Searches > New2. Click Transaction3. Enter a Search Title4. On the Criteria tab > Standard sub tab > add the following Filters: – Type = Invoice – Finance Charge = Yes/is true – Main Line = Yes/is true5. On the Results tab > Columns sub tab > add the following Fields or required columns: – Date – Type –… Continue reading Create a Saved Search to list all Finance Charges — Invoices
Finance Charges
Finance charges are late fees charged to your customers for overdue invoices. Many businesses charge late fees or finance charges on overdue invoices. This allows business owners to recover costs incurred by carrying unpaid bills on their books. Finance charges are usually calculated on a monthly basis. NetSuite computes the finance charge using the following… Continue reading Finance Charges