Home > Direct Bill / City Ledger > Procedures > Late Fees
If you charge late fees, the system can calculate and post them for you. You designate the number of days past the invoice date for a transaction to be considered late and you designate the percentage of late invoices to post. Note: In the calculation of late fees, unpaid late fees will be included in the past-due amount and will accrue late fees as well. Step One - Notify Execu/Tech that you wish to post late fees Step Two - Set up the Transaction Code Step Three - Edit the Parameter Record Step Four - Edit the Customer Master Record Step Five - Run "Post Late Fees" from your Direct Bill menu Step Six - Update your batch
Step One: Notify Execu/Tech that you wish to post late fees.
We will install this program add it to your Direct Bill menu or give you instructions. You may email your request.