Charging Late Fee for Overdue Items

Setting a late fee involves configuring the Delayed Rate within the equipment's rental settings. Once set, this fee can be applied during the invoicing process for any overdue rentals, with options to adjust the rate and specify the delay reason. This feature ensures accurate billing and accountability for late returns.

Here is a reference video:

• Goto Equipment menu

• Click equipment option

• Click on edit icon  to edit an equipment

• Click on Rental tab

• Put the value against Delayed Rate

• Click on Save

• Go to Manage Rentals

• Click on Sales Order

• Edit from right action icon  at your sales order which has the status Accept

• Scroll down to end of the page and click on button to create the invoice

• If invoice is already there Go to Manage Rental 

• Click on Invoice option

• Scroll right to click the right most action item icon 

• Goto Asset Rental Section

• Click on Apply Delay Rate check box

• Rate will come from the setting, otherwise overwrite the rate value as required

• Type the Delay reason section

• Scroll down and click on Save button at bottom