Select this check box if you want to assess a finance charge on past due amounts. You will be allowed to exempt any client when setting up a client record. You also have the ability to determine when the finance charge will start accruing when setting up the client record.

Clear this check box if none of your clients will be assessed finance charge. No finance charge will be assessed for any client regardless of the client's Assess Finance Charge option on the Billing Options tab in the Client file.

See also:   Finance Charge Overview