Settings of the Charge Late Fees/Interest report
To use the Charge Late Fees/Interest report correctly, it is important to know its settings.
This table gives each setting and its function:
| Has Contact Tag: (Any) | The report shows only the contact records that have the given tags. |
| Payment Terms | The report shows only the contact records that have the given payment terms. |
| From Date(Charged On The Previous End Of Day Balance) | The start date of the date range that the report uses to send invoices. |
| Charge Up To Date | The end date of the date range that the report uses to send invoices. |
| For Balance At Date | The date of overdue account balances that the report uses to send invoices. ezyVet automatically sets this to the same date as Charge Up To Date. But you can select a different date if necessary. Note: Example: Callisto Vets usually sends invoices for interest charges on the last day of each month. A client of Callisto Vets has an overdue balance at the end of June. The first two days of July are public holidays. The client makes payment for the overdue balance on the first day of July. With the default settings for Charge Up To Date and For Balance At Date, the client would receive an invoice. The practice manager makes a decision that it not necessary to invoice the client interest for the first two days of July. They set For Balance At Date to 3 July, then do the report. Thus, the client is not invoiced for the interest of the account balance that was overdue in June. |
| Minimum Charge | A minimum dollar quantity for the interest charges. |
| On Due Date | If you select On Due Date, the report uses the due date of each client invoice to calculate the interest charge. |