Late Charge Codes

Data Source: PFWTAB

To open the Late Charge Codes screen, click Continue on the Apply Late Charges screen after selecting a Posting Date for the charges.

The Late Charge Codes screen allows you to confirm the late charges that will be posted based on the late charge codes configured for your dealership.

The following fields appear on the Late Charge Codes screen:

Field Description
Code The late charge code that will be used to determine the late charge amount and cutoff date.
Minimum Charge Represents the minimum late charge amount that will be applied to overdue invoices each month.
Cutoff Date

Any invoices created on or before this date will have late charges applied and posted to the associated customer account.

Note:  The date specified in this field is calculated based on the Posting Date specified on the Apply Late Charges screen and the number of Months Grace configured for the selected late charge code.
For example, if the Posting Date is November 30th and the late charge code has a 2 month grace period, the Cutoff Date will be September 30th and only invoices dated September 30th and earlier will have late charges applied to them.
For more information, see the Late Charges help topic.

The following buttons appear on the Late Charge Codes screen:

Button Function
Continue Applies the selected late charge code and the applicable late charge amounts to the relevant invoices and posts them to the related customer accounts.
Close Closes the Late Charge Codes screen without applying the late charges.