Late fees
You can assess late fees when clients don't pay their bills on time. Onvio lets you set up multiple late fees with various attributes, designate 1 late fee as the default for new clients, and assign specific late fees to existing clients.
To add or modify a late fee, choose .
To designate a default late fee for new clients, choose tab.
To assign a specific late fee to an existing client, choose , open a client, and select the
Billing
tab.For each late fee, you can specify the following criteria:
- Name (required)
- Annual Rate
- Whether to round amounts
- Whether to compound fees
- The number of grace days before a fee is assessed
- The date from which to calculate the fee once grace days have expired
- The minimum balance that can incur a late fee
- The minimum charge to be assessed
- The maximum charge to be assessed
A blue icon in the
Amount
field indicates when a late fee amount has been overridden.
