Centerbase's Line of Credit Report helps improve users' billing processes.
With our new report, users can calculate interest against Hard Cost Expenses for a matter. There is now a tab in System Settings under Billing called Variable Interest Rates. The tab contains a start date, end date, and interest rate. It will show all of the rates that are in so far, allowing users to remove, edit, or add rates. This operates similarly to Centerbase's rate table logic.
The Line of Credit Report will:
- List Hard Cost Expenses for a matter and calculate interested accrued as of a specified date.
- Allow users to filter by "Matters" and "As of Date."
You may download the new Line of Credit report on our downloads page here.