Late Charge Codes
Use the Late Charge Codes screen to confirm the late charges that are posted based on the late charge codes configured for your dealership. To access the screen, click Continue on the Apply Late Charges screen after selecting a Posting Date for the charges.
Fields on the Late Charge Codes screen are:
| Field | Description |
|---|---|
| Code | The late charge code that is used to determine the late charge amount and cutoff date. |
| Minimum Charge | Represents the minimum late charge amount that is applied to overdue invoices each month. |
| Cutoff Date |
Any invoices created on or before this date have late charges applied and posted to the associated customer account. 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 is September 30th and only invoices dated September 30th and earlier have late charges applied to them. For more information, see the Late Charges help topic. |
Click Continue to apply the selected late charge code and the applicable late charge amounts to the relevant invoices and post them to the related customer accounts.
Click Close to complete your work on the Late Charge Codes screen without applying the late charges.