Modify Client Interest

Use the Interest Detail dialog box to modify an interest rate for a client. You can modify the effective date, interest rate, and money buckets to include in interest calculations.

To modify client interest

1. In the Navigation pane, click System Codes and Settings > Accounts > Client.

Tip: To limit the clients that display in the data grid, click one or more check boxes next to a column heading. In the Filter box, type one or more characters and then press Enter. To clear a filter, clear the check boxes and then click the Refresh icon.

2. In the data grid, click the Edit icon and then click Interest.

3. In the data grid, click the Edit icon.

Name: Client's name.

Code: Unique code that identifies the client. 

Effective Date: Date the interest rate takes effect.

Rate: Interest rate as a whole number. For example, if the interest rate is 7 percent, type "7" in the box.

Check All: If selected, Latitude selects all the money bucket check boxes.

Principal: If selected, Latitude includes principal when calculating interest.

Collection Costs: If selected, Latitude includes collection costs when calculating interest.

Bad Check Charges: If selected, Latitude includes bad check charges when calculating interest.

Court Costs: If selected, Latitude includes court costs when calculating interest.

Attorney Fees: If selected, Latitude includes attorney fees when calculating interest.

Misc 1 and Misc 2: If selected, Latitude includes miscellaneous costs when calculating interest.

Bucket #9: If selected, Latitude includes the amount in this money bucket when calculating interest.

Transaction Charges: If selected, Latitude includes transaction charges when calculating interest.

4. Modify the information and then click Save.

Related Topics

Search for a Permission or System Code

Data Grids

Client Interest