Hi,
Customer A1 have an invoice overdue, Screenshot 1, invoice no 1 was issued on 1 Nov 2015 dues on 10 Nov 2015. Assuming all the invoice for this customer is due on the 10th every month therefore, as per 22 Dec 2015, this invoice is 2 months overdue. Late payment fees rate is set to 10%. In the screenshot the amount of late payment fees is $2,200. Can you help me understand where this number come from?
I ask this because if I calculate based on my understanding it is supposed to be $2,100 not $2,200.
If this is still confusing can you just let me know how the calculation is done for late payment fees? regardless my examples
Sorry If I make you confused
Thank you