Non-Cumulative Late Payment Charge

Until now, the system used to bill cumulative late payment charge for a service to an account when it is unpaid. Now, the system enables you to configure whether cumulative or non-cumulative late payment charge should be calculated for a service. A new parameter named Non-Cumulative LPC is added in the BILPC-TOTAL algorithm type. It enables the system to determine whether non-cumulative late payment charge should be calculated for a service. The value valid is Y. If you set the Non-Cumulative LPC parameter to Y, the system will exclude the late fees charged to customer in the previous bill during the subsequent bill’s LPC calculations if it is unpaid. This is done when the LATEPYMT batch is executed.