include an option for interest and fee charges where payments are late (over 60 days past due)
Add the facility to add interest on any bill over 60 days past due, and at the appropriate interest rate.
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Kishore Purohit
commented
Interest calculation on late payment should based on terms etc. 30 days or 60 days.
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K Ayres
commented
You are right it should be on the terms I don't know what I was thinking at the time, unless I was considering that after 60 days past due there are additional terms and conditions that apply to our clients.
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Nadir
commented
yes! why 60 days? it should be based on Terms.