Late fees miscalculated

[Patch]

@RichT

Perhaps some allowance for a “grace period” or running the late fee calculation from the date it is processed rather than the day after the Due Date would work better.

I can see value in Manager supporting some date arithmetic functions in values displayed to the customer / employee. In business I routinely set clear requirements but only demand penalty payments when the written requirements are clearly and unambiguously exceeded. Getting too trigger happy increased the risk I, rather than my customer, is at fault and cost me more in loss of goodwill rather than I gain in regular bill payment. Calculating pay period dates is another potential application of date arithmetic

I suspect the solution would be part of Manger supporting calculated values during data entry, which has already been suggested to payslip taxation, depreciation schedules and other applications.

Perhaps this is part of

Request - Late Fee options

There are a few threads about this, but not one specifically requesting the change. Here’s a reply from @lubos back in 2015 answering why only ‘monthly’ is available as an option. The user wanted a daily option. Please consider updating this feature to have additional options: daily weekly fortnightly The current implementation of ‘monthly’ works, but lacks practicality for those that would rather a much shorter time frame. Personally, I’d prefer the ‘weekly’ option the most out of what I …

and is similar to

Late Fee Issue

I am running version 19.1.15 and noticed with our first round of late fees, it is calculating late fees on paid invoices. Here is our situation: Invoices went out January 1 and were due on January 15. On January 16, the system gave me the warning at the top saying I have new late fees that need to be assessed, we assessed all of them and resent invoices. Some customers we decided not to enforce them as payment arrived the very next day. I deleted the late payment fee then posted the receipt a…