Enter the default receivable type to be used when finance/service charges are calculated. May be overridden when posting finance/service charges (in AR Finance Charge) if the customer's finance charge type is R (Rec Type) or, if the customer's finance charge type is A (Account) and the Allow Override of Receivable Type option is checked in AR Company Parameters.

Receivable type cannot be overridden for customers with finance charge type of I (Invoice), regardless of how the Allow Override of Receivable Type option is set.