Next Gen - Interest Details Set up

Next Gen - Interest Details Set up


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.

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.

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