In AlarmBiller, a statement is a past-due notice. This section will help you manage statements and late fees.
Editing Statement Rules
Options
Edit the fields in the "Options" section.
Charge Late Fee/Annual Interest Rate
Select the checkbox if you want to charge your customers a late fee or annual interest rate (specify what percentage).
Late Fee Item Code
Use the drop-down box to choose a late fee item code. To create late fee item codes, go to the “Items” list within the Setup Table.
Include Unapplied Cash and Credits
Select the checkbox to account for any open credits or unapplied payments.
Setup
Edit the fields in the "Setup" section.
Min Balance
The minimum balance a customer must have in order to trigger a statement.
Min Days
The minimum number of days an invoice must be past due in order to trigger a statement.
Min Late Days
The minimum number of days an invoice must be past due in order to trigger a late fee.
Min Late Fee
The minimum late fee amount that will be charged to a customer.
Message Options
These messages will appear on each statement sent to customers based on the number of days past due. You can edit each of the messages as needed.
Save
Click “Save” in the upper right corner to update.