Steps:

1.      Click on the hamburger menu and click on Lookups

2.      Click on Late Fee Definition.

3.      To add anew Late Fee, click on Add New.

4.      Complete the following fields:

a.      Fee Type: name of late fee

b.      Day/Month: Day and Month the late fee will take effect

c.       Amount: the dollar amount of the late fee

d.      Status: set to active

5.      Click on Insert to create the late fee

6.      To change a late fee, click on the Fee Type (this will be in green)

7.      Make the necessary changes to the fee.

8.      Click Update to make the changes.