Finance Charges (Invoices)

Mary Jane -

Juvonno is able to calculate finances charges on outstanding invoices.

Go to Settings > General > Accounting > FinanceSection.


Set the following:

  • Monthly Interest Rate - Set as a percentage (%)
  • Grace Period - days before charges would start to accrue
  • Minimum Interest Charge - the minimum interest amount to be charged for the charges to apply.
  • Minimum Transaction to Accrue Intrest - if the transaction is below this value, the finance charges will not apply.
  • Calculate interest charges from - Invoice Date or Due Date

finance_Fees_on_invoices.JPG 

Save your settings.


Now when an invoice meets your criteria set above, the interest value will be calculated at the time the invoice is being paid and will create a new interest invoice.

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