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Preparing Receivables for Accruing and Compounding Finance Charges

Use the following table to help you determine what information is required when you want to calculate, compound, or accrue finance charges.

Action Charge Interest
(Profile Class) 		Days in Period
(Profile Class) 		Currency
(Profile Class) 		Rate
(Profile Class) 		Compound
(Profile Class) 		Accrue Interest
(System Options)
Calculate Finance Charges Yes Value Required Value Required Value Required per currency
Compound
Interest 		Yes Value Required Value Required Value Required per currency Yes Yes
Accrue
Interest 		Yes Value Required Value Required Value Required per currency Yes/No Yes

Site level profile options always take precedence over customer level profile options.

See Also

Setting Up Receivables to Calculate Finance Charges

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