FAQ: How Do I Verify Which Accounts Receive a Late Fee?
This article summarizes how to verify which accounts will receive a late fee before running the schedule, to confirm they meet the configured criteria.
Q: How can I verify which accounts will receive a late fee before running the schedule?
A: Before running the schedule, review delinquent accounts to confirm they meet the configured criteria.
Recommended checks:
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Review the A/R Aging Report to identify delinquent balances.
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Confirm accounts meet the Past Due Days requirement.
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Verify balances exceed the configured Minimum Balance threshold.
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Check that applicable charges match the Eligible Charge Codes.
Running these checks helps ensure late fees are applied only to accounts that meet the defined criteria.
Best Practices
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Ensure eligible charge codes align with the association’s governing documents and late fee policy.
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Verify the delinquency charge code is configured correctly before enabling the schedule.
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Confirm the Past Due Days setting matches the association’s collections timeline.
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Test the configuration using a small sample of delinquent accounts before applying the schedule across the entire association.
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Review an account ledger after the first run to confirm the late fee posts as expected.