Late Fee Settings
Compass Billing Late Fees can be set up to post automatically each month. Said fees will post the day after the grace period ends, which is set in the Compass Billing International Settings.
Add
- Click "Add"
- Fill in these fields (all are required):
- Delinquency Status – Current/1-30 days past days/31-60/61-90/90+
- Classification
- Type - "Flat Fee" or "Percentage"
- Threshold ($)
- Late Fee Amount ($)
- "Create Late Fee Setting"
Remove
Click "Remove" to the right of the desired message.