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Interest Defaults

Panacea can automatically generate interest charges  on overdue accounts.  This should be done monthly prior to generating statements.  To generate interest charges  go to Tools - Calculate Interest.  When calculating interest Panacea will look at each account and will decide on whether to charge interest based on the following:

  • Panacea will first look at the Charge interest field on the account Settings tab .
  • If the account's Charge Interest field is set to Default then Panacea will use the setting on the Interest tab  of Practice Setup (System - Practice Settings - Practice Setup).

 

 
 
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