Currencies Without Rates
If you do not assign an interest rate to a currency in the Customer Profile Classes window, Receivables does not calculate finance charges for past due items in that currency. For example, a customer does business in two currencies, USD and UKS and both currencies have a past due balance, but no rate is assigned to either the site or customer level profile for UKS. Finance charges were last calculated on June 30,1993 and you now calculate finance charges on July 31, 1993. Receivables calculates finance charges for USD, but not for UKS for the period of July 1, 1993 to July 31, 1993. Now you assign a rate to UKS and calculate finance charges as of August 31, 1993. Receivables calculates finance charges from August 1, 1993 to August 31, 1993 for both USD and UKS. The period from July 1, 1993 to July 31, 1993 for UKS will not be included in the finance charge calculation.
See Also
Defining Customer Profile Classes
Defining Currencies
Accruing Finance Charges
