Interests on arrears define the penalty interest percentages that can be applied to late payments.

Opening the view

Open Administration → Computation details → Interests on arrears.

The Interests on arrears view

The view contains two lists:

• Centralized interests on arrears — rates maintained centrally by EG.
• Company’s interests on arrears — rates maintained by your own company.

Each row shows the Name, the Interest on arrears percentage and whether the rate is In use. Add a new rate with Add new.