1. Accounts Receivable Implementation Guide
  2. Delinquency Fees (RFC and RFD)

Delinquency Fees (RFC and RFD)

Delinquency fees use two AAIs to recognize revenue and receivables:

  • RFC: Specifies the revenue accounts to credit when you assess delinquency fees.

  • RFD: Specifies the receivables accounts to debit when you assess delinquency fees.

The system debits and credits these accounts when you generate delinquency fees in final mode.

Set up default AAI items RFC and RFD for company 00000. You can set up specific AAI items RFC and RFD for each company to record fees differently by company. When you set up this AAI, the business unit is optional.