Rice Lake TransAct 3.5 - Manual (Page 132)

Accounting Setup and Miscellaneous Rates
Version 3.5 133
When Prompt Before Applying is turned on, the user will be prompted before a minimum is applied for
each rate type (e.g. Material , Surcharge , and Delivery ).
NOTE: Be sure to set the Minimum Charge for each Rate Type in the Rate Table .
Charge and Cash Rounding Properties
Rounding can be setup to round differently for charge and cash transactions. For example, charge
accounts may be charged to the nearest penny, but cash accounts are rounded to the nearest quarter.
Rounding for
Charge transactions applies to the base charge only. Sales tax and fixed charges are added
to the rounded base charge. The Round After Calculating Tax option is available only for cash
transactions and can only be used with the Nearest and Down options.
Figure 114. Cash and Charge Rounding
By default, rounding is to the nearest penny. Use this section to modify the rounding parameters. Charges
can be rounded
Up to the next higher increment, Down to the next lower increment, or to the Nearest
increment of the Rounding Amount .
Miscellaneous
Monthly Finance Charge
The Monthly Finance Charge must be entered as a percentage. The Monthly Finance Charge is applied
during Statement processing. A finance charge is applied to any unpaid previous balance when
statements are generated.
NOTE: If some accounts are charged a monthly finance charge and others are not, enter individual
monthly finance charges for each customer account using the
Discounts and Account
Flags table. The Discounts and Account Flags table is covered later in this section.