Finance Table Maintenance

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Use Finance Table Maintenance to maintain information finance charge rate information. You can have multiple rates by setting up the different rates on individual tables. When a finance table is assigned to a transaction code it will be used for assessing finance charges for eligible transactions that use the transaction code.

Note: If your organization only uses one F/C rate you can maintain it on Service Finance Settings Maintenance, in which case you do not need to set up a Finance Table.

Directions:

To open, from the Quick Launch, enter Finance Table. Then click Finance Table.

Finance Table Maintenance Window Example:

Finance Table Maintenance Prompts
Finance ID	Enter a unique code that identifies the finance charge information and click Retrieve , or press [ENTER].. (up to 5 characters) Required To look for a finance ID, click Search . From the Search list you can select the record to change or delete. Tip: If you are building a finance ID, New displays near the Finance ID. Default entries display and the first field is highlighted for you to begin entering information.
	To update the new or changed information, click Save or press [ENTER]. Keyboard shortcut: [ALT + s]
	CAUTION To avoid losing data, you must save new or changed records.
Title	Enter an abbreviated description as the title.
Description	Enter a full description for the finance charge information.
F/C % Under Break Point	Enter the finance charge percentage to assess each period on overdue customer balances that are less than the break point dollar amount. (2.5 numeric)
F/C % Over Break Point	Enter the finance charge percentage to assess each period on overdue customer balances that are greater than the break point dollar amount. (2.5 numeric)
F/C % Break Point	Enter the dollar amount at which the finance charge calculation changes from using F/C % Under Break Point to using F/C % Over Break Point on overdue customer balances. (2.5 numeric)
Minimum Basis Balance	Enter the minimum balance the customer must have to be assessed finance charges, if applicable. (7.2 numeric)
F/C Minimum Charge	Enter the minimum finance charge amount to assess the customer, if applicable. (6.2 numeric)
F/C Minimum Break Point	Enter the minimum break point dollar amount for finance charges. (6.2 numeric) Notes: If the calculated finance charge is less than the minimum break point amount, then the customer is assessed the F/C Minimum Charge amount. If the overdue amount includes lien amounts, Edifice assesses the calculated finance charge amount regardless of the minimum break point.
Age Group	Enter the Age Group ID that identifies the customer age balances to consider for processing finance charges. (up to 5 characters) Required Notes: You must assign an Age Group ID to specify which customer age balances to consider for finance charges. To search for an Age Group ID, click Search or press [CTRL + f]. To create a new Age Group ID, click Fast Access Maintenance or press [CTRL + o].
Include Lien Cost	To include customer lien cost amounts when calculating customer finance charges, click to select the box. To omit the lien cost amounts when calculating customer finance charges, click to de-select the box.
Include Lien Interest	To include customer lien interest amounts when calculating customer finance charges, click to select the box. To omit the customer lien interest amounts when calculating finance charges, click to de-select the box.
Include Roll Cost	To include customer roll cost amounts when calculating customer finance charges, click to select the box. To omit customer roll cost amounts when calculating customer finance charges, click to de-select the box.
Include Roll Interest	To include customer roll interest amounts when calculating customer finance charges, click to select the box. To omit the customer roll interest amounts when calculating customer finance charges, click to de-select the box.
Edit a Finance Table	CAUTION: To avoid losing data, you must save new or changed records. 1. Enter the Finance ID and click Retrieve , or press [ENTER]. Keyboard shortcut: [ALT + t] Tip: If you do not know the Finance ID, you can click Search to see a list of finance tables. 2. Position the pointer to the information that you want to change or click the field using the mouse. 3. Enter the data changes. 4. To complete the edit process, click Save , or press [ENTER]. Keyboard shortcut: [ALT + s]
Deleting a Finance Table	1. Enter the Finance ID and click Retrieve , or press [ENTER]. Keyboard shortcut: [ALT + t] Tip: If you do not know the Finance ID, you can click Search to see a list of finance IDs. 2. Click File from the Menu, and next click Delete. Keyboard shortcut: [ALT] [f] [d] 3. At the Delete prompt, click Proceed to delete, or click Cancel to escape from the delete routine. Example: Note: After you click Proceed, you will see the following message on the Status Bar.