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| − | = Admin Settings: Early Payment Discounts & Late Payment Fees = | + | = Early Payment Discounts & Late Payment Fees = |
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| − | A service provider can configure the system to automatically apply early payment discounts, late payment fees, or both. These settings are global and automatically apply to all new accounts created in the system.
| + | This content for the Early Payment Discount feature has been [https://resources.emersion.com/display/EKB/Early+Payment+Discount moved to this location] on the Emersion Knowledge Base. |
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| − | These settings are all found under the '''Admin > Settings > Discounts & Fees''' tab in Cumulus.
| + | The content for the Late payment fees has been [https://resources.emersion.com/display/EKB/Late+Payment+Fees moved to this location] on the Emersion Knowledge Base. |
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| − | = Early Payment Discounts =
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| − | The early payment discount is applied when these business rules are met: | |
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| − | * the payment(s) applied against an invoice result in the outstanding amount of the invoice is zero.
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| − | * the outstanding amount on the invoice is zero on a date prior to the date the invoice is due.
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| − | When viewing the settings page, the system will display how many accounts have the early discount applied, and how many customers have a custom settings, meaning that these default settings have been overridden.
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| − | [[file: early-payment-fee-settings.PNG]] | |
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| − | Click the '''Edit''' button to change these settings.
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| − | '''Status:''' Enable or disable early payment discounts. If you choose '''Inherit''', any changes will be applied to all accounts who do not have a custom setting. No custom settings will be overridden.
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| − | '''Discount amount:''' The discount can be offered as a flat $ fee, or a percentage of the total value of the invoice. Any credits will be created as a pending card line.
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| − | '''Days before due to get discount:''' The number of days prior to the invoice due date where, if the invoice is fully paid an early payment discount is awarded. For example. If this is set to 5 and an invoice is due on the 30th March, then the discount will be awarded provide the invoice is fully paid by no later than 11:59pm on the 24th March.
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| − | '''Discount label:''' This is the text for the card line.
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| − | = Late Payment Fees =
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| − | '''Nav: Admin > Settings > '''
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| − | are applied '''when a payment is applied against an invoice''' and the invoice outstanding amount is reduced to zero.
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| − | This means for example if a payment is initiated before the due date, but clears after the due date, a late payment fee would still be applied.
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| − | At this time there is no functionality to arbitrarily apply the fee once the invoice becomes overdue, though it is being discussed with the developers with no current ETA.
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