Add/Modify Accrued Interest Percentage

Modified on Wed, 7 Feb at 12:35 AM

Go to Parameters > Set Parameters > Accounting > Interest Rate Values.
Right Click > Add > Interest Number: DEF > Description: Default Interest Rate > Interest Rate: (Desired Interest Rate) > Visible: Checked > OK.
Go to Interest Rate Types Parameter
Right Click > Add > Type: DEF > Description: Default Interest Rate > No. of Days 30 > Interest Flag: Checked > Visible: Checked > OK
Go to Matter and Client > Method of Payment Codes Parameter
Right Click > Add > Description: Default Payment > Repayment ind: D > Frequency: 0 > No. Payments: 7 > Days to pay: 7 > Interest: Checked > Interest Type DEF > Terms on Bill: 7 days of receipt of invoice > Visible: Checked > OK