Batch Apply Late Fees to Overdue Invoices
16 steps
2 minutes
1
Navigate to Brokerage Engine and click on the "Invoices" tab.
2
Click the "Open Invoices" option.
Apply Late Fees
3
Click the "Batch Apply Late Fee" button.
Every Overdue Invoice will display on the "Batch Apply Late Fee" table.
4
Select the main checkbox to mass-select the Overdue Invoices.
5
Or click each checkbox to select individual Invoices.
6
Click the "Next" button.
7
The Preview Table will display the information on each selected Invoice.
8
Click the "Next" button.
9
The Summary Table will display the percentage of the late fee and the total amount to be collected.
10
Click the "Apply Late Fee" button.
11
The Success Message will report how many invoices had the Late Fee applied. Click "OK"
Review the Invoice
12
The Invoice on the Agent Facing side will now display the "Late Fee" and the amount charged.
13
The Audit Log of the Invoice will display who added the Late Fee and the amount charged.
Modify the Late Fee Item
14
If the "Late Fee Item" needs to be modified, click the "Edit Invoice" button.
15
The Late Fee Invoice Item can be modified or deleted.
Review of the Late Fee Item in the Accounting Module
The "Late Fee Invoice Item" will take approximately 120 seconds to sync from the front end of the system to the Accounting module.
16
Once the "Late Fee Item" has synced, it will be displayed on the Invoice.
The "Late Fee Invoice Item" will be recorded against the General Ledger Account selected at the time of configuration of the "Batch Apply Late Fee" feature.
Batch Apply Late Fees to Overdue Invoices
16 steps
2 minutes
1
Navigate to Brokerage Engine and click on the "Invoices" tab.
2
Click the "Open Invoices" option.
Apply Late Fees
3
Click the "Batch Apply Late Fee" button.
Every Overdue Invoice will display on the "Batch Apply Late Fee" table.
4
Select the main checkbox to mass-select the Overdue Invoices.
5
Or click each checkbox to select individual Invoices.
6
Click the "Next" button.
7
The Preview Table will display the information on each selected Invoice.
8
Click the "Next" button.
9
The Summary Table will display the percentage of the late fee and the total amount to be collected.
10
Click the "Apply Late Fee" button.
11
The Success Message will report how many invoices had the Late Fee applied. Click "OK"
Review the Invoice
12
The Invoice on the Agent Facing side will now display the "Late Fee" and the amount charged.
13
The Audit Log of the Invoice will display who added the Late Fee and the amount charged.
Modify the Late Fee Item
14
If the "Late Fee Item" needs to be modified, click the "Edit Invoice" button.
15
The Late Fee Invoice Item can be modified or deleted.
Review of the Late Fee Item in the Accounting Module
The "Late Fee Invoice Item" will take approximately 120 seconds to sync from the front end of the system to the Accounting module.
16
Once the "Late Fee Item" has synced, it will be displayed on the Invoice.
The "Late Fee Invoice Item" will be recorded against the General Ledger Account selected at the time of configuration of the "Batch Apply Late Fee" feature.
