Multiple Penalties & Interest Options
The functionality allows users to create multiple penalties and interest rates, however, when going to calculate it, the system always defaults to one. It would be easier to have the multiple option so that users can use specific rates with a variety of accounts.
6
votes

Because interest and penalty codes are specifically tied to the rate, multiple interest/penalty codes are currently permitted and functional within the software. Please reach out to technical support if you need help setting these up.