When running finance charges, can I put in 2.5? It will not let me enter in a decimal number while trying to run the finance charges.
-thatODguy
Finance Charges
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jordansparks
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Re: Finance Charges
I guess that would be a feature request.
Jordan Sparks, DMD
http://www.opendental.com
http://www.opendental.com
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nathansparks
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Re: Finance Charges
Finance charges typically do not add much to an account balance. For instance, a 2.5% APR translates to roughly .2% monthly, so if Bob the BadPayer owes you $500, this woul be a finance charge of about $1. Soooo, the .5% changes the finance charge on a $500 debt by about 20 cents. ... your time is money, for 20 cents?
also, 2.5% is a bit LOW for an APR with inflation at 3.85% last year (although it has stalled a bit in 2009) I would not bother with charging 2.5%, my base would at least be the inflation rate (say 5%).
also, 2.5% is a bit LOW for an APR with inflation at 3.85% last year (although it has stalled a bit in 2009) I would not bother with charging 2.5%, my base would at least be the inflation rate (say 5%).