Is it possible to create finance charge memo with a fix amount (instead of a interest %)

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Posted on by Frank Pellerin

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When a sales invoice is overdue, instead of creating a finance charge memo based on a percentage, we would like to charge a fix amount of 20$ per month.

I've tried to create a finance Charge term where interest rate is "0" and additional fee is "20$"

But when I run the process to create finance charge memo, it didn't create any finance charge memo. This only works when I set an interest rate.

Any ideas ?

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Dynamics 365 Business Central

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Khushbu Rajvi. 12,609 Super User 2025 Season 1 on at

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Is it possible to create finance charge memo with a fix amount (instead of a interest %)

Try to create a Finance Charge Memo manually by selecting the customer and entering the $20 charge. If manual creation is not feasible, customization is needed to modify the Finance Charge Memo logic to allow fixed amounts without requiring an interest rate.
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Ramesh Kumar 2,235 on at

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Is it possible to create finance charge memo with a fix amount (instead of a interest %)

Hi Frank,

You will need to customize it.

https://www.youtube.com/watch?v=4-ptjKkhd5E&ab_channel=DynamicsConsultants

Thanks

Ramesh
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Jainam M. Kothari 3,827 on at

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Is it possible to create finance charge memo with a fix amount (instead of a interest %)

Hello,

You need to do Customize for the same.
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YUN ZHU 80,093 Super User 2025 Season 1 on at

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Is it possible to create finance charge memo with a fix amount (instead of a interest %)

Hi, hope the following can give you some hints.

How to: Create Finance Charge Memos Manually

https://businesscentralhelp130.fenwickcloud.com.au/main.aspx?lang=en&content=tskCreateFinanceChargeMemosManually.htm

Thanks.

ZHU
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Suresh Kulla 46,383 on at

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Is it possible to create finance charge memo with a fix amount (instead of a interest %)

I don't think that is possible without any customization, the additional Fee is added on top of the Amount.