Currently, MAS 500 does not detail the calculation or details of the Finance Charge by default.

The Customer which receives the Finance Charge Invoice will most likely question how and why this invoice was issued. Adding more detail to this Invoice saves time and resources needed to either edit each Finance charge with additional details or research and explain to each customer.

by: Anthony C. | over a year ago | 1 - Financial Management

Comments

• Description should reflect EOM. Ex: EOM April 2010 Finance Charge. Isn't the Statement on Account the detail behind the Finance Charge? We generate the Finance Charge then print Eom Statemnets.

  by: Mary L. | over a year ago