Process > Setup > Manage Account Charge Calculation

Use this page to create calculations for use in charges applied to accounts as part of a Workflow. 

Step 1. Navigate to Process > Setup > Manage Account Charge Calculation.

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

Step 3. Enter information in the Account Charge Calculation window. 

Calculation Section

  • 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 finalize.