Int. on Arrears Code Field, Customer Table

Here you can select a code that specifies how the program will compute interest on arrears for the customer. To see the finance charge terms codes to which the applicable interests on arrears are linked in the Finance Charge Terms window, click the field.

An interest on arrears code contains information about the interest calculation method. Once you have entered the code on the customer card, the program will use the information to calculate the interest on arrears.

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