A delinquent balance is an amount that is past due. A delinquent fee is a charge billed for maintaining an account that is past due. Use Calculate Delinquent Fees to assess a fee on a past due amount.
1. Open Connect Business Tax Collection > Business > Calculate Delinquent Fees.
2. Fill in the options on the form. Use the sections in this help topic to fill in each field. The fields are listed in alphabetical order.
3. Click GO (CTRL+G).
4. Accounts that match the selection criteria will display on the grid. Use the options on the grid to select the Create checkbox to include an account.
5. Click GO (CTRL+G) to calculate delinquent fees on the selected accounts.
The delinquent fees are calculated.
An account number is the primary identifier for ownership of an account. Use Account Numbers to select the account number range for selecting accounts.
The billing date is the date the billing transactions are recorded.
A delinquent fee is a charge billed for maintaining an account that is past due.
The fee due date is the date when payment is owed.
Do you want to use the month end as the due date?
Yes, I want to use the month end as the due date. Continue to the next step.
No, I want to use a different date as the due date. Click Advanced Options to change variable the system is using to set the due date. If you would like to select a different day, because the due date falls on a weekend for example, select the Calendar Date option. Then, you can click the Calendar button to choose a different date.
When a customer makes a payment before the payment due date, the payment is on time. The customer account is in good standing.
On the other hand, when a customer does not make a payment before the number of delinquent periods has elapsed, the customer account is a delinquent.
When a customer with a delinquent account makes a payment before the date in the Include Payments Through field, the customer will not be included on the report.
Do you want to exclude customers that have made a payment on a delinquent account by the given date?
Yes, exclude customers that have made payments. Click to select the Include Payments Through field. Use the Include Payments Through field to enter a MM/DD/YYYY.
No, do not exclude customers that have made payments. Click to deselect the Include Payments Through field.
A tax return is a form for calculating tax liability. A tax return type defines the accounting behavior for the related tax return.