What are different interest calcualtion options in Factech Billing System?
Common terms (used below) Bill Date: The date the bill is generated. Due Date: Last date to pay without interest. Current Amount: This bill’s charges/taxes. Previous Due (Arrears): Unpaid from older bills. Outstanding/Balance: What’s still unpaid at a point in time. Rate: Interest % you set (e.g., 18% p.a.). Factor: How time is counted By