Entering Account Exception

An account exception is a point in an account’s history where a penalty is charged and / or an interest rate is changed (Section 3.7.2, Page 20).

Figure 24 Account Exception Screen

To enter an exception into the journal:

1. Select the account by clicking it in the Accounts list.
2. Use the Databases | Journal | Account Exception to bring up the account exception screen (Figure 24).
3. Enter the date of the exception. The journal won’t accept an exception with a date earlier than the last posted entry. If you need to enter an exception for an earlier date you must do it through the account’s payment history (Section3.8.2, Page 23).
4. Enter the new interest rate and / or penalty.
5. Click [Enter].