Accounting > A/R > Recurring Charge > Manage Calculation


Use this page to create Interest calculations for recurring charges.



Step 1. Navigate to Accounting > A/R > Recurring Charge > Manage Calculation.


Step 2. Select Add Calculation from the Page Actions drop down menu. 



Step 3. Enter information in the Add Calculation window. 


Calculation Section


  • Association- Select All Associations if this Calculation needs to be available for all communities. If it will apply only to a single Association, select it from the drop down menu. 


  • Name- Enter a name for the calculation to help identify it when you are creating Recurring Charges.


  • Calculation Type- 


  • Interest Only- Select if the Calculation is a standard interest charge. 


  • Greater of Interest or Flat Rate- Select if you need to add a flat rate or interest, whichever is more. 


NOTE- If you select this option, enter an amount in the Flat Rate field below. 


  • Lesser of Interest or Flat Rate- Select if you need to add a flat rate or interest, whichever is less.


NOTE- If you select this option, enter an amount in the Flat Rate field below. 


  • Flat Rate- Enter an amount of the Flat Rate, if you selected either Greater or Lesser of Interest or Flat Rate above


  • Interest Rate- Enter the Annual Interest rate in this field. 



Calculation Trans Type Section


  • Include Charges


  • Older than delay days- Click this radio button to include charges Older than the established number of delay days.


  • Newer than delay days- Click this radio button to include charges Newer than the established number of delay days.


  • Current Month Charges- Choose this option to apply the calculation only to charges within the Current Month. 


  • Account Balance- Choose this option to apply the calculation to the entire Account Balance. 


  • Add Trans Types- Use this option to select the Transaction Types to which this Calculation will apply. 



Step 3. Click Save Add button to complete finalize.