The Finance Charge tab permits the application of a late payment (interest, financing charge) to accounts not meeting the payment period specified.
To activate enter the Annual interest rate to use. Indicate the number of days from (invoice/billed date) that you want Filopto to calculate finance charges from. To apply or create a Financing Charge Invoice to a patient account you must run the Patient Statement Manager.
Important:
(Optional) If you don't want Filopto to assess finance charges on overdue finance charges, clear the check box for assessing overdue finance charges. (Interest on Interest) Laws vary about whether you can charge interest on overdue interest payments. Confirm with the appropriate jurisdiction that you are in compliance with that jurisdiction's lending laws. |
