How can I double check automated finance charges?
This is more a mathematical question, but a customer is claiming QB is figuring the FC wrong.
How can I double check these? I am usually pretty good at math but must be missing something. I am guessing it has something to do with the day I assess the charge but I don't know.
Net 10, 1.5%, 31 grace period, invoice/billed date
EXP. 1)
3/15 - $577.50, 3/18 - $4286.84
Finance Charge assessed 4/28 for $99.21
I can not figure how they came up with $99.21 to prove to my customer this is correct. Please Advise