Field descriptions: Apply penalties

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 invoice or the amount due. Select

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

From/To customer

Customer, Customer ID, Invoice amount, Total due

You can filter for eligible 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, Invoice Amount, and Total Due are all derived from the invoice.

Format

Select the sort by order for the resulting view:

• Customer
• Customer ID
• Due date
• Invoice amount
• Amount due

Penalize

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

Invoice

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

Customer

The customer to whom this invoice belongs.

Due date

The due date as shown on the invoice.

Invoice amount

The invoice amount as shown on the invoice.

Amount due

The amount due as shown on the invoice.

Penalty amount

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