This document outlines the procedures for managing late payments.
Setting Late Payments
When you create a contract, you can specify any fees that will be applied if a payment was not made on time.
In the example above a $50.00 Per Payment, fee has been set.
Process Overdue
Process Overdue: Updates the payment and contract status of all contracts. This process should be run once per day.
Any penalty payments for the contracts overdue will be added to the Revenue/Inv. screen.
