• Minimum payment:
  The lowest amount the customer should pay towards the account. This amount is displayed on the statements. The Minimum Payment field serves only to advise the cashier/customer about the minimum amount. The customer may pay an amount that is less than the defined minimum payment.
  
  
• Minimum charge:
  The minimum dollar amount a customer is charged if there is an outstanding account balance.
  
  
• Standard due (days):
  The number of days after the "closing date" or "invoice date" a customer with an account balance is given to pay off the entire balance before a finance charge is assessed.
  
• Standard due type:
  "After close date" - Choose this option if you want to start calculating past due based on when the date the statement cycle was closed.
  "After invoice date" - Choose this option if you want to start calculating past due based on when the date the transaction took place.
  
  
• Discount due type:
  "After close date" - Choose this option if you want to start calculating Discount due based on when the date the statement cycle was closed.
  "After invoice date" - Choose this option if you want to start calculating Discount due based on when the date the transaction took place.
  
  
• Discount due (days):
  The number of days the customer can pay to quality for a paying early discount.
  
  
• Discount rate:
  The percent off to give the customer for paying early.
  
  
• Annual interest rate:
  The annual finance rate for the charge account. Cloud Retailer determines any applicable finance charge per billing cycle for each account with a balance.
  The finance charge is computed as follows:
  
  (Daily interest rate) * (Days overdue) * (Chargeable balance)
  
  Where:
  • Daily interest rate is (Annual interest rate / 100) / 365.
    If I have an 18% annual interest rate, my daily interest rate would be (18 / 100) / 365 = 0.000493
  • Days overdue is the number of days overdue on the Account.
  • Chargeable balance is the average daily balance of the AR during the billing cycle.
    

Account types specify how Cloud Retailer will handle finance charges on Customer Account Statements.
Navigate to Admin > Customer account types to view, edit or create new account types.

1. Manual:
   Navigate to Reports > Generate Account Statements.
   
   IMPORTANT: The closing date cannot be run on the current business day.
   As an example, if your statement cycle closes on the 15th of each month, you will need to run the "Generate Account Statements" process on the 16th.
   
   
2. Automatic: Please contact support to set up automatically generate Account Statements.

• Closing Date
  The date in which the cycle will close on.
  
  
• Customer Account Number
  Leave blank to generate statements for all customers. Otherwise, you can generate a statement for a single customer.
  Start typing to search for a customer.
  
  
• Print statements with a balance of $0.00 and no activity?
  If selected "Yes", Cloud Retailer will print a billing statement for every customer with a charge account, regardless of whether certain customers have purchased items from your store. If you want to print billing statements for only those customers that have purchased items since the time when the billing cycle was last closed, leave this selected as "No''.
  
  
• Email Statements?
  If selected as "Yes", the customer will be emailed their statement.
  
  
• Generate a PDF to download?
  By default, this is selected as "Yes". This will generate a PDF file with every statement for mass printing.
  
  
• Dry Run?
  This will go through the actions of generating statements without actually saving them, no documents will print.
  
  
• Show details
  This will show details for each statement being generated.

1. Select the date desired.
2. add a filter with AND DocumentType contains Statement.
   You can add up to 28 filters to refine your search.
3. Select the statement(s) to print by checking the checkbox to the left. You can select all statements by checking the checkbox located in the header of the report.
4. Click the export selected items button to generate a PDF file for download. 
   

1. Add a customer to the transaction.
2. Locate and click on the "A/R Adjustment" button.
   • If this button is not configured on your POS, contact RITE technical support.
3. Set the required comment.
4. Set the desired amount.
5. Tender to AR Adjustment.