Applying a Late Fee
- Navigate to your invoice.
- Click Apply Late Fee.
- Select your Late Fee from Late Fee Options dropdown menu.
- Click Apply.
Late Fee Amount is calculated based on the Late Fee Type selected in your Late Fee option. A confirmation popup with the calculated late fee amount appears, click Ok to proceed.
The late fee charge is added to the Invoice Due Amount and a Destination-Related A/R Transaction record is created with transection type as Apply Late Fee.
Note: You cannot cancel or move an invoice back to the draft stage
if there is a late fee applied to it.
