Oneir has always provided the option of calculating and displaying finance charges on past due interest charges on your printed statements. These charges, however, were not posted to the customer account receivable ledger or general ledger. This provided a method of informing the customer that there were consequences to late payment of invoices but did not overstate your account receivable for the cases where the finance charges generally were not being paid. Now Oneir provides the ability to accumulate the past due charges on the customer’s accounts receivable ledger. Here is how it works.
Oneir will post finance charges to customer accounts receivable and the general ledger. While Oneir allows you to be selective in it’s posting, i.e. choose one or a range of customers, a particular customer type or a specific customer term, only those customers set up in the accounts receivable with the Statement option, “with finance charge” will […]