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I'm trying to use the "Calculate Overdue Charges" feature in Acumatica. I am trying to get it to charge a flat rate on outstanding balances. Currently when I run this at the end of a month, it calculates how many days overdue it is and prorates the charge using the annual rate. We calculate finance charges at the end of each month and it's flat rate against their outstanding balance, whether it is 1 day overdue or 30 days overdue.
Example: I want to charge 1.5% monthly (18% annual). Let's say ABC Inc. has an invoice that has $1000 remaining and is 15 days past due. Currently, it is calculating the finance charge to be $1000 x 0.18 / 365 * 15 = $7.40. I'm trying to calculate a flat rate and the charge to be $1000 * 0.015 = $15. It's 1.5% per month or 18% annual.
Does anyone know if there is a way to calculate monthly flat rates this way and not prorate them?