How to Set up or change Simple Interest rate?

How to Set up or change Simple Interest rate?

To add or change the simple interest rate in the invoices follows the below steps:

Step 1: Go to Admin dashboard >> Income Tracker >> Setup >> Auto Invoicing

Step 2: Scroll to the bottom very bottom of the page. Here you will find the Late payment interest setup.  Click on the “Edit” button.


Step 3: Enter the rate of Interest in the text box next to “Simple Interest (% pa)” in number.



Step 4: Click “Save”.

This updated simple rate of interest will be applicable to the next coming invoices generated through the system.

 


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