How to configure penalty to an invoice while generation?

In Mygate, society admins can configure penalties to be automatically applied to invoices at the time of generation. This is useful for enforcing timely payments by including late fees or interest charges based on predefined penalty settings. By setting up penalty configurations in advance, the system ensures accurate and consistent application of charges across all relevant invoices.

To configure the penalty to an invoice while generation, please refer to the steps below:

1. Go to the "Raise Invoices" option under the Invoicing of Accounts Tab, and click on the pencil icon against the template you want to configure the penalty.

2. Select the "Penalty and Arrears" option under the basic configuration tab, then add the penalty setting for the invoice and proceed to the next step.