Min Due

Minimum Due.

This field in the Received on Account window is the minimum amount due each month from revolving charge accounts.

If the system calculates an amount due (based on the Min % field) that is less than this amount, it increases the amount due to this amount.

For example, this field is 15.00. The Min % field is 10.00. The system calculates an amount due of $12.75. Since $12.75 is less than the Min Due ($15.00), the system increases the amount due to $15.00.