Late Payment Charge functionality
It is common business use case for Telecommunication company to have late payment charges for invoices that are not paid by the invoice due date. Here is one simple example:
Customer is invoiced $100 with a due date of August 1st. Payment is not received by August 5th therefore the customer would be charged a late payment fee of 2% of their outstanding balance‰Û¡ÌÝ_..in this case $2. The $2 late payment fee would show up on the customers next invoice.
Next invoice would look like this with a due date of September 1st:
Ì´ÌÁ Past due amount $100.00
Ì´ÌÁ Late Payment Charge $ 2.00
Ì´ÌÁ Current Charges $100.00
Ì´ÌÁ Total Invoice Amt. $202.00
If the customer did not pay this invoice by September 5th than they would be charged 2% on the $202 that would show up on their next invoice.
This enhancement request is currently being evaluated with reference # DE7175.
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