Late charges- Interest (10%), Fees(10%), Charges - flat $ — Cloud Customer Connect
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Late charges- Interest (10%), Fees(10%), Charges - flat $

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edited Jan 3, 2024 9:38AM in Receivables & Collections 1 comment

Summary:

We have 3 elements in late charges-

1) Monthly interest - every month 10%p.a till the payment is made

2) Late fees - 10% on 31st day- one time charge

3) Admin Charges- $ 10 on 61st day - one time charge.

Problem in one charge schedule i am not able to use % and flat amount.

In late charge profile, i am selecting interest charge type as 'Fixed rate' for component 1 above.

For penalty charge type, i want to select 'charge schedule' for component 2,3 above but i can not create one charge schedule for % and fixed amount both.

Content (please ensure you mask any confidential information):

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