Field descriptions: Apply penalties

The following table describes each field on the Apply Penalties page and the Select AR sales invoices to Apply Penalties page.

Apply penalties page

Apply penalties page field descriptions
Field Description

Description for penalty document

Intacct uses the text that you enter here for the Description field in the adjustment. The default is Penalty, but you could change that description describe the penalty more closely, for example Late fee. The description also appears on the printed adjustment.

Calculate penalty by

You can calculate the amount of the penalty based on either the amount of the AR sales invoice or the amount due. Select

  • AR sales invoice amount to penalize the entire AR sales invoice amount
  • Amount due to penalize just the remaining amount due when the customer has partially paid the AR sales invoice

From/To customer

 You can filter to view just a range of customers.

Customer, Customer ID, AR sales invoice amount, Total due

You can filter for eligible AR sales invoices to display in the resulting view. For each filter that you use, select an operator such as equals or greater than. Then enter the value that you want to filter by in the text box. Customer, Customer ID, AR sales invoice Amount, and Total Due are all derived from the AR sales invoice.

Format

Select the sort by order for the resulting view:

  • Customer
  • Customer ID
  • Due date
  • AR sales invoice amount
  • Amount due

Select AR sales invoices to apply penalties page

Select AR sales invoices to apply penalties page field descriptions
Field Description

Penalize

Select this checkbox to apply the penalty on an AR sales invoice-by-AR sales invoice basis. Intacct applies the penalty when you select Save.

AR sales invoice

Select to drill down to the AR sales invoice page with details about the selected AR sales invoice.

Customer

The customer to whom this AR sales invoice belongs.

Due date

The due date as shown on the AR sales invoice.

AR sales invoice amount

The AR sales invoice amount as shown on the AR sales invoice.

Amount due

The amount due as shown on the AR sales invoice.

Penalty amount

The amount calculated by Intacct using the option you selected for the AR sales invoice, the AR sales invoice due date, and how you chose to calculate the penalty.