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Penalty Calculation
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Penalty Calculation


You can calculate penalties based on Outstanding Amount, Original Amount or Original Amount Less Tax. An unlimited number of penalty types can be set up in the system and assigned to individual accounts.

Minimum amounts for the penalty or the penalized items can be configured. Penalties can be compounded or simple.

Assign the proper penalty type to each account then mass-calculate by Billing Cycle, Due Date or Route.

 

 


 

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