Fees

These processing options specify how the system generates delinquency fees. You can specify options such as generation mode (proof or final), version, the payment terms to assign to the fee record and its currency.

1. Print Fee Report

Specify how the system generates delinquency fees. Values are:

Blank: Do not generate delinquency fees.

0: Proof Mode. The system generates an A/R Delinquency Fee Journal, which is a listing of the fees that the system generates when you run the program in Final Mode. The system does not update any tables.

1: Final Mode. The system generates an RF invoice document in the amount of the fee in the Customer Ledger (F03B11) table. The system also generates records in the A/R Fee Journal History (F03B22) and A/R Fee Journal History Detail (F03B23) tables and prints an A/R Delinquency Fee Journal. The system updates the Last Fee Date in the Customer Ledger (F03B11) and A/R Check Detail (F03B14) tables with the date that fees were generated. Subsequent fees for the same invoice are not be generated until the number of days between fees has elapsed, as defined in the policy.

2. Version for Fee Processing

Specify the version of the A/R Finance Charge Journal program (R03B22) that the system uses to generate delinquency fees. If you leave this processing option blank, the system uses version ZJDE0001.

Note:

The A/R Finance Charge Journal has associated processing options.

3. G/L Date

Specify the G/L date that you want the system to assign to delinquency fee (RF) invoice records. The system generates these invoices when you process delinquency fees in Final Mode. If you leave this processing option blank, the system uses today's date.

4. Late Payment Delinquency Fees

Use this processing option to run the Late Payment Delinquency Fees program (R03B221), which generates a delinquency fee on invoices that were paid after the due date. Values are:

Blank: Do not calculate fees on amounts that were paid after the due date.

1: Calculate fees on amounts that were paid after the due date.

Note:

You must have the option Calculate On Paid Late Amounts activated in the policy in addition to setting this processing option.

5. Version for Late Payment

Specify the version of the Late Payment Delinquency Fees program (R03B221) that you want the system to use to generate fees on invoices that were paid after the due date. If you leave this processing option blank, the system uses version ZJDE0001.

Note:

The Late Payment Delinquency Fee program has associated processing options.

6. Payment Terms Code

Specify the Payment Terms Code that you want the system to assign to the delinquency fee (RF) invoice record.

7. Currency of Fees

Specify the currency that the system uses to generate delinquency fee invoice records (document type RF). The system uses the most recent exchange rate from the Currency Exchange Rates table (F0015) to calculate the currency fee amount. Values are:

1: Company. Generate the fee in the currency that is assigned to the company record that appears on the invoice.

2: Customer. Generate the fee in the currency that is assigned to the A/B Amount Codes field (CRCA) of the customer record in the Customer Master by Line of Business table (F03012).

3: Invoice. Generate the fee in the currency that is assigned to the invoice when that the invoice was entered.

Note:

Regardless of the option that you select, the system generates one fee invoice record per for company 00003 for CAD.

8. Business Unit for Delinquency Fees (Release 9.2 Update)

Specify whether the system applies delinquency fee to the Business Unit in the Address Book or to the Business Unit in the delinquent invoice. Valid values are:

Blank:The system charges delinquency fee to the business unit specified in the Address Book.

1:The system charges delinquency fee to the Business Unit specified in the Customer Ledger (P03B2002) associated with the delinquent invoice.