Beginning at the main screen, select Admin, Products from the drop-down menu. This will launch the Products menu.
Select Charges.
Click on +Create Charge.
Click Submit.
Share Account Activate: Gets charged at the time of Share activation, charge calculation can be only be flat not % of amount.
Share Purchase: Gets charged at the time of share purchase.
Share Redeem: Gets charged at the time of redeeming of shares.
3. Click Submit.
Select charge from the available charge list >> Click on Edit button
Then click on Submit button.
Click on Admin>>Products>>Charges
Field Name (attribute) | Description | Example | Validations (if applicable) |
---|---|---|---|
Name | A descriptive name for the charge. The name provided in this field will populate charge selection lists on applicable product and account forms. | Service Fee | Required field Alphanumeric |
Currency | Select the currency to be used when the charge is applied. The product and charge currency must be the same to be valid. Set up multiple charges if the same charge is required for products set up in different currencies. (Note: If you don't find the currency type you need from drop-down menu, you need to define it. Click Here to see How to define the currency) | Indian Rupee | Required field Select from list |
Charge time type | Select the desired charge time type from the list. There will be different charge time types in the list depending on the product type select in Charges applies to. | Specified due date | Required field Select from list |
Charge calculation | Select the desired charge calculation from the list. There will be different charge calculation options in the list depending on the product type selected in Charges applies to. | Flat | Required field Select from list |
Charge payment by | This field will display for loan product charges only. Select the desired charge payment method from the list. | Account Transfer | Required field for loan product charges Select from list |
Add Fee Frequency (loan charges only) Charge Frequency Frequency Interval | This option will display for loan product charges only. To add a fee frequency, check Add Fee Frequency. If Add Fee Frequency is checked the Charge Frequency and Frequency Interval fields will appear and must be filled in. | Checked monthly 1 | Check Add Fee Frequency to add a fee frequency; uncheck to remove a fee frequency Select Charge Frequency from list Numeric |
Amount | The value in this field is used with Charge calculation to calculate the amount to be charged to the client. Example: Apply a service fee of 25 rupees (flat calculation) monthly by transferring the funds from another account. | 25 | Required Numeric |
Active | If checked, this charge is available to associate with products and accounts. If unchecked, this charge is not available to associate with products and accounts. | Checked | Checked indicates an Active charge |
Is penalty? | If checked, this charge is marked as a penalty, rather than a fee. | Unchecked | Checked indicates that the charge is a penalty. Unchecked indicates that the charge is a fee. |
If you select 'Charge Time Type' as Overdue Fees, then you have to check 'Is Penlty?' checker. |
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