How do I calculate late fees?

A late fee is a charge for payment that is past due. Use Calculate Late Fees to assess charges for payments that are past due.

In this Topic

Run this routine to bill late fees on payments that are over due.

Do this...

1. Open Connect Property Improvements > Owners > Calculate Late Fees.

2. Fill in the options on the form.

3. Click GO (CTRL+G).

The late fees calculate.

The current period is the period the system will use to record transactions. The field displays multiple when more than one period is selected.

The Transaction Date is the date the system will use to record the entry.

Do you want to use the current date as the transaction date?

Yes, I want to use the current date. Continue to the next step.
No, I want to use a different date. Click on the Date field to enter a MM/DD/YYYY.

A description is a word or phrase that describes the character or features of the record.

What is the description?

Use the Description field to enter a word or phrase (50 characters or less).

In Caselle, the Selection Criteria allows you to choose which information to include in routines and reports and display in transaction grids.