Rice Lake TransAct 2.0 - Manual (Page 91)

90 Accounting
Discounts Table (TransAct Plus version)
Items displayed as light gray (i.e. Previous Balance and Current Balance
above) cannot be edited. Click the box next to the desired option to activate
that option (an X appears to mark the selected option). Click the box again
(remove X) to turn the option off.
TransAct interprets the Discount Rate and Finance Charge options as
percentages. You must enter these options in decimal format. For example,
enter a 10% discount as 0.10.
TransAct applies a Finance Charge to any unpaid previous balance when
generating statements. This finance charge overrides the global monthly
finance charge defined in Miscellaneous Rates.
Note: The function buttons at the bottom of the discounts table window
operate like the function buttons in other TransAct tables.
Click General Info… to display general customer information such as
account number, address, and default categories.