AR07.1 - Finance Code

Use AR07.1 (Finance Code) to define and maintain finance charge codes. You can
assign a monthly finance rate to a code. Finance charge codes are used to
calculate finance charges on open, past due items and late payment charges on
items paid late. When you assign a finance charge code to a company or a
customer, associated code parameters are referenced from this form. You can
use the finance charge codes you define on this form for any company or
customer.

Use the Rates button to open AR07.2 (Finance Charge Rates) and define at least
one charge rate for your code. If you have selected interest charge by date
for your company in AR01.1 (Company), use AR07.2 to define and maintain
several charge rates with increasing effective dates.

Updated Files

    ARFINANCE  - Primary file updated by program.


Referenced Files

    ARFINRATE  - Maintains finance charge rates and efective date for
                 individual finance codes.


    CUSTDEFLTS - Cannot delete finance code if used by customer default code.


AR07.2 - Finance Charge Rates

Use AR07.2 (Finance Charge Rates) to enter at least one finance rate for each
code defined in AR07.1 (Finance Code).  If you have defined your company as
using interest  charge by date in AR01.1 (Company), you can define a
different rate for different effective dates.  Any new rate you define must
have an effective date greater than any existing rates.

At least one rate is required with an effective date concurrent to or older
than the system date.

Updated Files

    ARFINRATE  - The primary file updated by this program.


Referenced Files

    ARFINANCE  - Validates the finance rate code.