The following instructions are to add a finance change plan for your office to use as a credit card processing fee.
Instructions
- Access Admin > Accounting > Finance Charge Plans.
- Click the + icon.
- In the Name field, input the fee name, e.g., Credit Card Processing fee.
- The Minimum Balance Due field should remain at zero for credit card processing. However, you can choose to change it.
- In the Description field, input the description.
- Complete the grid for the finance charge amounts.
- Period #1:
- Age (Days): Input "0" (zero).
- Complete columns for Charge $ and Charge % as appropriate to your office policy.
- Charge $: This field adds a flat rate to the balance.
- Charge %: This field adds a percentage of the invoice balance.
- If the Charge $ and Charge % fields are completed, the system adds both a flat fee and a percentage to the invoice balance.
- Period #1:
- For Period #2 and Period #3, click the minus icon.
- Click 'Save.'
- Log out and log in to see the changes associated to the setting.