When I applied the finance charges the date was supposed to be 03/15/14 and I entered 03/15/15 so when I went to run my statements the finance charges were incorrect.
I want to see if the following solution will work:
1. Do a small balance write off for the finance charges applied for 03/15/15
2. In the AR Module under Statement Cycle (08.280.00) change the following:
*Last Aging Date to 02/15/14
*Last Statement Date to 02/15/14
*Last Finance Charge to 02/15/14
3. Apply Finance Charges 03/15/14 and Close Statement Cycle
Do you think this would be a solution? I look forward to hearing from you!