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AnswerFinance Charges

  • Friday, May 29, 2009 1:27 PMDave Wilt Users MedalsUsers MedalsUsers MedalsUsers MedalsUsers Medals
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    Is there a way to set up finance charges to default to an amount that is 
higher?

For example, would like to set up to either charge 1.5% or $1.50, whichever 
is more, in the cases where finance charges that may be less than $1.50
       

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  • Saturday, May 30, 2009 11:22 AMVictoria YudinMVPUsers MedalsUsers MedalsUsers MedalsUsers MedalsUsers Medals
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    Dave,

    You'd need to test this to verify, but I believe if you set the finance charges up as whatever percentage you want and then when you assess them enter a minimum finance charge of $1.50 that would accomplish what you're looking to do.
    -Victoria http://victoriayudin.com
       

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  • Saturday, May 30, 2009 11:22 AMVictoria YudinMVPUsers MedalsUsers MedalsUsers MedalsUsers MedalsUsers Medals
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    Dave,

    You'd need to test this to verify, but I believe if you set the finance charges up as whatever percentage you want and then when you assess them enter a minimum finance charge of $1.50 that would accomplish what you're looking to do.
    -Victoria http://victoriayudin.com