Aging A/R Interest

 

A/R interest can be aged from the Customers screen. (Navigation Keys Overview)

 

From the customer screen, press more_button_2.png in the top right corner.

Aging_AR_Interest.PNG

 

A small popup menu will appear at the button location. Select Age AR Interest from this menu.

Untitled.jpg

 

 

The Age AR Interest window will popup on your screen. The first line in this window will be a note stating the last aged transaction date.

age_ar_interest_blank.png

 

 

Key in an interest rate percent that you would like to apply to your customers into the first field labeled as Interest Rate (%)

interest_rate_box.png

 

Next you will select a date from the Age AR Prior To (Inclusive) field. The grace period will be displayed below this field.  All outstanding AR prior to this date will have interest applied to them when you prompt the test6.PNG button.

age_ar_prior_arrow.png

 

 

Lastly, select a date from the Interest Transaction Date field.  This specifies the date the interest will be issued on.

interest_date.png

 

 

Once you have completed your selections, press age_now_button.png to apply your changes. Upon selecting this button a confirmation will be displayed stating that AR has been aged. Select "Ok" to finish.

age_now_arrow.png  

 

 

 

Related Articles:

-Printing AR statements

 

Article written with AmberPOS version 4.14.11.18

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