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Penalty Calculation for late payments in lease rentals

edited Nov 18, 2013 4:30AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered
Client has specific penalty terms for which he wants to calculate the penalty amount.

For eg: Customer shoudl submit their rentals by 10th of the month. After 10th, 3 more days are given as leverage and after 13th of every month, different percentages are applied and penalty amount is calculated. Separate invoice will be raised for the penalty, which is not included in property lease rentals.

A proper solution is required in order to calculate the lease rental penalty.

Regards,

Rahil Lakhani

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