Calculate Finance Charge/Aging system variables

Variable name Valid values Description
FinChgType

1 - Calculate the finance charge based on the average daily balance

2 - Calculate the finance charge based only on unpaid invoices.

Indicates if finance charges are calculated on the average daily balance or unpaid invoices. Enter 1 to calculate finance charges on the average daily balance (this is the default) or enter 2 to calculate them on unpaid invoices.

Module(s) used in:

Customer > Calculate Finance Charge/Aging

Item(s) affected:

Calculate Finance Charge/Aging window

LastFinanceCharge MM/DD/YYYY

This is the last date finance charges were calculated and is automatically updated each time finance charges are calculated.

Module(s) used in:

Customer > Calculate Finance Charge/Aging

Item(s) affected:

Last Finance Charge Calculation box on the Calculate Finance Charge/Aging window.
LastFinanceChargePeriod

Positive numeric values

This is the number of days included in the most recent finance charge calculation. This is automatically updated each time finance charges are calculated. For example, if you calculated finance charges 10 days ago for April 1-April 30, the last finance charge period equals 30 (days).

Module(s) used in:

Customer > Calculate Finance Charge/Aging

Item(s) affected:

Calculate Finance Charge/Aging window

Additional related variables 

Variable name Valid values Description
LastStatement MM/DD/YYYY

This is the last date customer statements were printed and is automatically updated with each print cycle.

Module(s) used in:

Customer > Calculate Finance Charge/Aging

Item(s) affected:

Last Statement Date box on the Calculate Finance Charge/Aging window.