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Former Member
Aug 06, 2016 at 06:32 AM

LPS calculationin FICA flat percentage

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Hi Guys,

I need to configure the LPS (late payment surcharge) in FICA, the requirement is, if the consumer does not pay the bill before due date he has to pay 25% of water charge as penalty, suppose a consumer Jan-2016 month bill is Rs 100 and due date to pay this bill is 15 Feb if this consumer did not pay till 15th Feb he has will be charged 25% of 100 i.e Rs25. so this LPS amount will reflect on Feb invoice before we generate the feb month invoice on Month end will run the LPS program so automatiallt 25 rs will be added in Feb invoice as LPS.

but if consumer did not pay Jan bill on feb also even in march also there will be no penalty on Jan month bill. which means only one time penalty has to calculate on one particular invoice if it is not paid on due date.

if consumer pay the jan bill on 16th feb he has to pay rs25 as penalty even he pay the jan billl on Decemeber also he has to pay Jan bil wih Rs 25 as penalty.

could you please give me the complete guide on this,

Regards,

Ajit