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Data Structure and Encoding Analysis

Late charges apply when a payment is late according to an agreed upon contract. They are used to encourage timely payments and cover costs incurred due to missed payments. To set up late charges, an organization must define its late charge policy, set up late charge documents using invoice, debit memo or adjustment types, define transaction sources and activities, payment terms, interest tiers based on late days, charge schedules assigning amounts to tiers, late charge policies for customer profile classes, and attach classes to customers. The late charges generate program can then be submitted in draft and final modes.

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94 views11 pages

Data Structure and Encoding Analysis

Late charges apply when a payment is late according to an agreed upon contract. They are used to encourage timely payments and cover costs incurred due to missed payments. To set up late charges, an organization must define its late charge policy, set up late charge documents using invoice, debit memo or adjustment types, define transaction sources and activities, payment terms, interest tiers based on late days, charge schedules assigning amounts to tiers, late charge policies for customer profile classes, and attach classes to customers. The late charges generate program can then be submitted in draft and final modes.

Uploaded by

sanjutapadia
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

LaLe Charges

Late charges apply to all sorts of finance and business dealings when somebody is late in making a
payment or completing a certain requirement which was agreed on earlier. It is like a fine for breaking
the contract and is used to encourage people to stay on track with the agreement and cover any costs
endured because of the missed payment.





eLups
1 ueflne organlzaLlons laLe charge pollcy




2 eL up your laLe charge documenLs

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1 lnLeresL lnvolce
2 ueblL Memo
3 Ad[usLmenL

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Lhe Ad[usLmenL deflne a recelvable acLlvlLy of Lhe Lype llnance Charges"











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navlgaLlon eLup CollecLlons Aglng 8uckeL and lnLeresL 1lers





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navlgaLlon LaLe Charges Charge chedules




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navlgaLlon CusLomers roflle Classes

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opLlons oLherwlse creaLe a new roflle Class








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CusLomer 8lll 1o













uemo




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Lhe documenL

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