To charge interest on overdue accounts
Path: Debtors > Batch Billing View >
Create a new batch
[Desc] give the batch a description
- Select [New Item]
- Type in Description
- Select [#3 Acct. Fee]
- [Select active invoices to: ] Select the date you wish to charge interest from
- [Cost Centre to charge] select the cost centre you wish to record this amount against
- [Debtors or Sundry] – select which one to charge too.
- Select a % to charge e.g. 10%/365*(no. of days to charge e.g. 30 days in April that this was overdue) = .82
- Select if GST is include or not
- [Begin Charging]
You can then edit the Transaction Detail screen and delete any charges e.g. people on payment plans etc
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