Adjust Finance Charge Invoices

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Use Invoice Data Entry to adjust finance charges posted with Finance Charge Entry. When completing the following procedure, you cannot enter a tax schedule, terms codes, or salesperson numbers in the invoice header, and charge item codes can only be entered as line entries. Additionally, the Invoice Data Entry Totals tab is not accessible for finance charge invoices.

To adjust finance charge invoices

  1. Select Accounts Receivable Main menu > Invoice Data Entry.

  2. In the Invoice Number field, type the invoice number followed by -FC. For example, MAY0003-FC. For more information, see Invoice Data Entry - Fields.

  3. A message appears asking if you would like to adjust the invoice, click Yes.

  4. Click the Lines tab.

  5. In the Item Code field, type /M with a description for the charge item, if necessary.

  6. In the G/L Acct field, enter the Finance Charge general ledger account number.

  7. In the Amount field:

  1. To reduce the amount of the invoice, type a negative amount.

  2. To increase the amount of the invoice, type a positive amount.

  1. Click Accept and update the Sales Journal.

The finance charge invoice is adjusted.