Interest Period (Days) Field, Finance Charge Terms Table
Specifies the period that the interest rate applies to. Enter the number of days in the period.
The program uses the interest period to calculate interest when you create finance charge memos or reminders. You must fill in this field if you have chosen Average Daily Balance in the Interest Calculation Method field. It is not necessary to fill in the field if you use the Balance Due method to calculate interest.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Finance Charge Terms Table | Sales and Receivables |