How to Apply Late Fees in TOPS [ONE]Follow
This guide covers the steps needed to apply late fees in TOPS [ONE].
Note: Late fee amounts or calculations must be set up in the Assessment Code.
Step By Step
1. On the navigation pane on the left, click AR Accounts Receivable>Charges
2. Select the Apply Late Fees then Take Action
3. The Function drop down will default to Apply Late Fee
4. Adjust Post Date as needed
Your post date needs to fall within your current period
5. Select the Codes by enabling or disabling the toggles
6. To charge late fee's on the current months balance, enable the Current Month Only toggle
7. Once you've selected your settings, Click the Accrue
This page will show a summary of the charges, the account summary, and a list of the late fee candidates
To Edit the Late Fee amount that will be charged, click the Pencil icon then click
8. Verify all the information on the screen
9. Then click Post