Example 3: Multi-Site A/R Finance Charge Generation
In this example, Site 1 is responsible for accepting payments (which can be distributed to the proper site) and running the finance charges. In this case, only Site 1 generates the finance charges and becomes the actual location of the finance charge transactions before and after finance charge posting.
Site 1 | Site 2 | Site 3 |
---|---|---|
C-1 | C-1 | C-1 |
$0.00 | $400.00 | $300.00 (past due balances) |
$7.00 | 0.00 | 0.00 (centralized finance charges) |
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