Overdue Account Charges

Clubs often charge interest or a service charge for member accounts that are overdue (usually 60 or 90 days).

Procedure for Overdue Account Charges

From the Outlook bar, select Accounts Receivable (this feature is currently available from the Options menu and not the Outlook Bar).
Next select A/R Service Charges from the Outlook Bar. The following form will appear.

Follow the steps below:

Statement For. Select the start and end date for the statement period. In the example above the date range was September 1 to September 30.
S/C Date. All overdue account balances prior to this date will be subject to service charge or interest.
Refresh Statements. This will provide a list of members and overdue balances.
Select All. By clicking this button, all members in the list will be selected. You can un-select a member by clicking on the check-box beside their name.
Un-Select All. You can Un-Select all check-boxes and start over.
Interest Rate. Select the interest rate to be applied to the overdue balances
Calc Charges. Click this button to calculate the service or interest charge. The calculation will only apply to members who are checked-off. Review the list and check or un-check members to be charged.
Post Date. Select the date on which the service or interest charges will be posted to the members' accounts.
Post Charges. Once you have reviewed the list, click Post Charges to post to the members' accounts.
Once you have completed the procedure, click Exit.

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