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- The System Settings for service charges needed to be setup.
Go to Master > Administration > System Settings > Receivables tab > Set the following fields.
. Default Assess Days - The number of grace days after the due date.
. Default Interest Rate - The interest rate to apply to the balance.
. Misc. Charge Code - This miscellaneous charge code to use when creating the service charge, a debit memo.
- The user requires security permissions for "Service Charges" to run service charges.
Go to Master > Security > User Profile > Select User > Module Permission > Receivables tab > Utilities > Check the Service Charges checkbox.
- Enable each customer to participate in Service Charges functionality.
. Apply Service Charges - Enable service charges for the customer.
. Interest Rate - The interest rate to apply to the balance.
If If this value is not set, the system will default to the value set in System Settings.
. Assess Days - The number of grace days after the due date, overriding the system settings configuration.
If this value is not set, the system will default to the value set in System Settings.
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