Late Fees

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Late Fees

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This default option area is accessed from the Other tab under Miscellaneous >> 1-SystemOptions

 

*** Be sure the options chosen are legal in your state! ***

 

LateFees1

When Frazer is first opened each morning, a prompt to charge late fees will appear.

LateFees2

Late fees can be charged either on the full payment amount, or the current amount due.

LateFees3

Enter the "grace period" here.

LateFees4

This is the late fee percentage.

LateFees5

Make sure not to charge too much.

LateFees6

If a flat fee is charged, check this box and fill in the late fee amount.

 

Note: Late fees are assessed once per installment.

Used Car Dealer Software by Frazer Computing, Inc.