Int. on Arrears Code Field, Vendor Table

Here you can select a code that specifies how the vendor calculates interest on arrears. 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 vendor card, the program will use the information to calculate the interest on arrears.

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