Setup for Business License interest charges

Setup for interest charges on business license and business tax bills

• Business License
• Accounts Receivable
• Interest
• Charge Codes

Informational

1. Navigate to Property Revenues > Business Licenses > Setup > Business Licenses Settings

   1. Click Update

   2. Choose Daily , Monthly, or Interest table from the drop down

   3. Click Accept

2. Navigate to Property Revenues > Business Licenses > Setup > Charge Code
   1. Search for the charge code that you want interest to apply to
   2. Click Update
   3. Check off the Subject to interest box
      1. If you chose Interest table from the Business License Settings in step 1b you also need to select an interest rate table
   4. Click Accept
   5. If you want this change to apply to existing unpaid bills then use the Update Bill Accounts button at the top of the page

3. Navigate to Property Revenues > Business Licenses > Setup > Cycle Codes

   1. Search for the cycle code associated with the license that you wish to charge interest on
   2. Click on the Cycle Dates folder at the bottom
   3. Confirm that the date listed under the Interest Date column is the date that you want interest charges to begin
      1. If the date is not correct use the Update button at the top to make changes and Accept to save those changes
         1. Any changes to this date will not reflect on existing bills unless you manually update the interest date on existing bills under the General Maint button of the Bill Adjustments program