Defining a recurring penalty charge

A recurring charge is one that recurs at a specified interval. If one or more initial charges exist in the Enter Initial Charges grid, the recurring charge will not take effect until the final initial charge has taken effect. Otherwise, the first recurring charge will take effect on the delinquent date of the line item being penalized. Recurring charges are available only for periodic penalty details. You can add as many recurring charges as you require.

  1. Begin to edit a periodic penalty detail.
  2. Click Add above the Enter Recurring Charges grid.
  3. In the # of Days field, specify the interval at which the charge recurs.
  4. If you want to apply the penalty as a percentage of the delinquent amount, specify that percentage, as a decimal value, in the Penalty Rate field.
    For example, to charge 5 percent of the delinquent amount, you would specify 0.05.
  5. From the Type list, select whether this is a penalty charge or interest.
  6. If you want to calculate the amount of the penalty, specify a formula in the Formula field.
  7. Click Save.
    Infor Public Sector saves the charge to the penalty detail and shows it in the grid.