Savance Enterprise Support

Once customers have overdue balances, they become eligible for finance charges.  You can easily generate an invoice to be sent to the customer.  Start out by choosing the Finance Charges option in the Accounts Receivable section of the Accounting Manager.  The Assess Finance Charges screen will open.

All customers with overdue balances are displayed, based on the Assessment Date.  This date automatically defaults to today, but you are able to change that.  You can generate finance charges either per invoice or for the entire customer balance.  You can also select which Term to use for computing the finance charge.  You can also choose to use the account's term, which is useful if you have different terms for different accounts and have configured them in the account manager.  Simply place a checkmark next to the invoice number, and the Finance Charge column will begin to populate with the finance charge amount.  The Total Finance Charge will also begin to increase.  Once you have selected everything you want to generate an invoice for, hit the Create Finance Invoices button.  An invoice will either print out (or get queued for later printing, if you selected that print option).