Overview
ZenCase allows the firm to enable Interest and configure how you would like to charge interest to your clients. Interest can be configured to be compounding (optional), set the annual percentage rate, interest interval days, and grace period.
How To Setup Charge Interest For Your Firm
Firm administrators can enable interest for the firm and configure interest settings.
In the top right corner, click on your name.
In the pop up dropdown navigation, select "Firm Settings".
Click on the "Configurations" tab.
Click on "Billing & Payments" button in the left sidebar.
Under Billing And Payments section, enable Interest by clicking on "Interest Enabled" toggle button.
Note: The toggle button will turn blue when enabled.
Under Default Interest Settings, enable the Charge Interest by clicking on "Charge Interest Enabled" toggle button.
You will see new configuration options that will be the default for all invoices for the firm.
Note: You can override the firm level interest settings at the client and matter level if needed.
Check the "Compounding?" option to enable compounding interest.
Enter Annual Percentage Rate (%)
Enter Interest Interval (Days)
Enter Grace Period (Days)
Under the Default Invoice PDF Settings
Under Show Client Summary, you can check to show the "Interest" line item on invoices.
Under Show Matter Summary, you can check to show the "Interest" line item on invoices.
Under Show Invoice Summary, you can check to show the "Interest" line item on invoices.
Congratulations! You have successfully setup charge interest for your firm invoices.
When creating new clients and matters, interest settings by default will be using the firm default charge interest settings until you change the configurations on the client or matter.
Let us know if you have any questions!