Process Late Fees on AR Balances

If your dealership will charge late fees on AR amounts, you can use the Process Late Fees tool to add a percentage to the total due.

Set Entity Balances to Charge Late Fees

Process Late Fees

Set Entity Balances to Charge Late Fees

1. Open the CRM - Sales Quoting module.
2. Search for the entity who you wish to charge and open their profile.
3. Select the AR Info tab.
4. Check the Late Fees box for the account or accounts for the fees you want to process.

5. Save the entity record.

Process Late Fees

1. Open the Accounting module.
2. Choose the Process Late Fees option from the Quick Links menu on the left side of the screen. This will open a popup window.

3. Choose the company location where you want to charge late fees.
4. Enter the late fee APR percentage.
5. Click the Create Transactions button. This will open the accounting transaction that shows the late fees applied.

6. Click the Save button on the transaction.
7. You may now exit the transaction by clicking the X in the upper right.