A Finance Charge is a fee assessed to Past Due Invoices. This article will show you how to set up and assess this charge in MediaOS.

1. Click on your profile avatar in the bottom left-hand corner of the screen.
2. Then, click on System Settings from the dropdown menu.
3. Click on General Settings.
4. Scroll down to the Accounting Section to find the Grace Period Setting or use the search bar at the top of the settings page and then search for Grace Period.
5. Choose a Grace Period.
   • You have the ability to decide if you would like grant a grace period before interest begins being assessed to a Past Due Invoice.
6. Decide Your Interest Rate.
   • Under the Invoicing section of General Settings, you'll find Annual Interest Rate. This will determine the amount assessed on your finance charges.

Assessing a Finance Charge

1. Click on Accounting on the navigation menu.
2. Check the Boxes for the Invoices you would like to assess the charge to.
3. Click on Batch Action.
4. Click on Assess Finance Charge.
5. Then, click the 'Are you sure?' button.

Viewing and Deleting the Charge

1. Click on Accounting on the navigation menu.
2. Select View next to the invoice you applied the charge to.
3. You'll see that a line item has been applied to the invoice labeled Finance Charge, and it will also display the date it was assessed.
4. Then edit the invoice to delete the charge.