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This article is for Drake Accounting 2018. To view this article for Drake Accoutint 2019, click here

Add and remove service charges and penalties to individual customer invoices.

Service Charge and Penalty transactions write automatically to the journal when the Drake Accounting bookkeeping is used.

You will need to set up any service charges or penalties in the General Ledger before visiting the Receivables > Payments screen.

See "How to Customize General Ledger Account Setup" for more information.


Entering Service Charges and Penalties

  1. Go to Receivables > Payments.
  2. Select the customer from the Customer list.
  3. Select the invoice with the service charge or penalty.
  4. Click the  in the Transactions section.
  5. Enter the date of the service charge or penalty using the Transaction Date field.
  6. Enter the amount of the service charge in the Service Charge field and select the transaction code from the Service Charge drop list. 
  7. Enter the amount of the penalty in the Penalty field and select the transaction code from the Penalty drop list.
  8. Enter a note for informational purposes (optional).
  9. Click Save.

Reversing Service Charges and Penalties Line Items From Individual Customer Invoices

  1. Go to Receivables > Payments.
  2. Select the customer from the Customer list.
  3. Select the invoice with the service charge or penalty to be reversed.
  4. Click the  in the Transactions section.
  5. Enter the date of the reversal using the Transaction Date field.
  6. Enter the amount of the service charge to reverse in the Service Charge field and select the reversing transaction code from the Service Charge drop list. 
  7. Enter the amount of the penalty to reverse in the Penalty field and select the reversing transaction code from the Penalty drop list.
  8. Select the appropriate transaction type from the Refund/Credit drop list.
  9. Click Save.

 


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