The latest version is changing implementation of late payment fees on sales invoices. Previously, late payment fees would be created automatically and recalculated automatically based on the rule set on sales invoice. While this concept worked, it wasn’t really possible to selectively forgive parti…

These are initial observations, after preliminary investigation of the new feature: When the notice of pending fees is clicked, and the Create button is clicked, only one late fee per customer is created. So if a sales invoice is 10 months overdue, the process must be repeated 10 times. Meanwhile…

@lubos please also try implement to charge late fee on daily basis rather than for month upfront. My suggestion might attract debate, but trust me this how bank’s calculate loan interest and acceptable to many entities.

There is no clear indication of invoice reference against which the late payment fees are incurred on in the customer’s ledger and statement. I have noticed that it is cumbersome to reconcile them specially when there are too many overdue invoices. If the late payment fees can appear in the respecti…

@Tut I think that is OK. Mostly because you will be continuously creating late payment fees and it’s unlikely you will be creating late payment fees going too far back unless you activate them on older invoice which would be unusual. You can use the same argument on recurring transactions. They ar…

[image] raJ: please also try implement to charge late fee on daily basis rather than for month upfront The only issue is that you might end up with A LOT of late payment fee transactions. Wouldn’t that be too much? [image] raJ: There is no clear indication of invoice reference against wh…

[image] lubos: The only issue is that you might end up with A LOT of late payment fee transactions. Wouldn’t that be too much? To be able to select the checkboxes and create all checked at once would be perfect. Else I wouldn’t mind creating one at a time for the sake of accurate and more acc…

Thanks for your responses, @lubos . Notice that my comments were labelled as “observations,” not flaws. I wanted to be sure I was understanding behavior correctly. Now that I’ve used the feature more, the concepts are clearer. @raJ ’s idea of being to check a box and generate all past transactions at …

[image] raJ: please also try implement to charge late fee on daily basis rather than for month upfront [image] lubos: The only issue is that you might end up with A LOT of late payment fee transactions. Wouldn’t that be too much? Could you do it in such a way that the late payment fee …

Hi! I have an issue with this feature. I’ve been testing how it works in a different business. I have create manually two charges to the same invoice of one client but these are not being booked in the default revenue account Manager creates, instead are leaved in ‘Suspense’ I cannot modify this,…

I am trying to reproduce your problem, @danielgalindezm , but cannot. I may be doing something differently. Can you post a screen shot of the Edit screen for one of your late payment fees? (I am actually seeing a different problem that I will write a bug report about after clarifying what is going o…

Changed implementation of late payment fees

Tut March 23, 2019, 6:33pm 15

@danielgalindezm, see the new bug report.

Topic		Replies	Views
Late Fee Issue	7	697	January 25, 2019
Pending late payment fees notice not appearing	5	257	April 5, 2024
Late fees miscalculated	10	984	June 8, 2020
Late Payment Fees \| Charging Options \|	11	507	October 30, 2021
Late payment fees posting bugs	1	898	March 30, 2019

Changed implementation of late payment fees

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