Next Gen - Interest Details Set up
Navigation:
Go to Setup >> Organization >> Clinics >> Settings. (The gear Icon shown below)
Go to Setup >> Organization >> Clinics >> Settings. (The gear Icon shown below)
This will help the clinic to charge a percentage of Interest for an unpaid balance exceeding a set number of days.
Under Interest Details Settings, you will have the option to update the information shown below.
Under Interest Details Settings, you will have the option to update the information shown below.
1> Number of Days : The days entered here will the grace period before the interest kicks in for an outstanding balance on a client's account.
2> Interest Rate (In %): The percentage entered here will the Rate of interest charged for the client after the number of days gets completed.
3> Minimum Client Balance for Interest : Any amount exceeding the balance entered here will be eligible for the interest to be applied on the client's account.
4> Minimum Service charge : If the Rate of interest is anything lesser that the amount entered here, the Minimum service charge will be applied on the client's account instead of the actual rate of interest.