Late Fees
A late fee is a charge imposed against a party by a company or organization for not paying a bill or returning a borrowed item by its due date. Its use is normally related to business creditors. Late fees are generally calculated per day, per item basis. The fee is based on a percentage of the amount due.
Fields
Late Fee Id
This is an auto-generated and read-only field.
Late Fee Code
Provide a unique code for the late fee.
Late Fee Name
Provide a name for the late fee.
Is Flat Amount
Click on Yes for flat amount.