Setting Up Payment Methods for Bank Accounts in Brazil
With Brazil Banking Integration, to apply fines and interests to overdue payments, you must set up the applicable rates for each payment method. This setting is specific to each bank account details of your subsidiaries located in Brazil.
To set up a payment method for a bank account in Brazil:
-
Go to Setup > Brazil Banking Integration > Bank Account Details.
-
Next to the bank account you want, click View.
-
Click the Payment Methods subtab.
-
In the Payment Method field, select the payment method to which the interest rate and fine rate apply.
-
In the Fine Rate field, enter the percentage applied as a fine for overdue payments.
-
In the Interest Rate field, enter the percentage applied as interest for the selected payment method.
-
Click Save.