In our configuration we have multiple overdue fees to be charged on loan after a specific period of time.
1. Overdue Fees 1: to be charged after 15 days of the loan being in arrears
2. Overdue Fees 2: to be charged after 30 days of the loan being in arrears
3. Overdue Fees 3: to be charged after 45 days of the loan being in arrears
4. After 45 Days overdue the loan is set as a NPA
The reason for the Multiple Overdue charges configuration is so that we have different penalties have their own different GL.
Now i am able to set a penalty overdue fees but how do i determine the time schedule that it should run?