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Re: Requests For 1.6.6?From: Shawn Hogan Date: Wednesday, July 15, 1998
Time: 2:19:54 pmAlexi Touloumis wrote:
>What do you suggest for handling accounts that are set up to do purchase
>orders? Before you answer, this is what I mean:
>
>After say 10 or 30 days past their due date (depending on account, product
>or service), they begin to get charged interest. The way the accounts are
>set up now, the next step after their due date is to send them a past due
>notice. Unless we can add to the past due notice (only for them, not all
>customers) that they will be accruing interest on unpaid balances (and not
>be cancelled or put on hold), I'm not sure how to handle this.
>
>I've just gotten a couple of larger companies who want to make payments
>this way, and I guess I can create a product or two (for interest) to
>invoice them on when they go past due. Now, this brings up another couple
>of other questions:
>
>If I leave the fields for send past due notice, put on hold, and cancel
>after... blank, does that mean it will not automatically do those actions
>for the specified account?
Correct.
>Is there a way to create this 'interest charge' product that makes it a
>variable of say 10%, and then all I have to do is enter in the amount of
>the outstanding invoice and it will calculate the amount? I know it's not
>hard to calculate 10%, but I'm talking about converting those to monthly,
>and having odd numbers in there as well.
Nope... not going to happen, as I've outlined the reasons why probably 5
or 6 times on this list before (and I KNOW you have been on it the whole
time)... But here I go again... There would be no way to know what
invoice(s) it has already accrued interest for. It would accrue the
month's worth of interest every day until it was paid. Invoices are also
not for a set time period, so there is no SET due date for a particular
invoice.
My best suggestion is that if they go past due, cancel them and then
charge them a $20 reactivation fee or something.
- Shawn
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Shawn D. Hogan
President, Data Point Solutions
http://www.data-point.com
(619) 452-3696
ICQ: 8319647
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