Penalty Calculation

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The penalty calculation program will generate a penalty on delinquent accounts. This penalty will only be generated on those customers that have a current balance of more than $1.00 and who were billed on the last billing date.

If you charge penalties on delinquent accounts, this program should be run on the day when the accounts become delinquent.

This program should only be run one time for each billing cycle. If it is run more than once, a penalty will be added each time the program is run. If you do inadvertently run the program a second time, there is a program under Error Correction that will allow you to reverse the penalties.

This program will produce a listing of all penalties which were generated.

Be sure that all collections have been processed up through your cutoff date before you run this program!

The penalty date will be the date that is used in each penalty transaction. This will normally be the date the account became delinquent.

The last billing date will be the date entered last time bills were calculated. This program uses this date to determine the current customers.

You have options to print either the meter address or the mailing address or both. These options will acquire more space and are not recommended unless you have need for this information on the penalty listing.

The base for calculating penalty determines whether the penalty is applied to the current bill or the total balance. The total balance would include unpaid portions of previous bills.