Create a grace period

This part of the guide explains how to create a grace period. This page contains some validations. Click the following link for more information: Grace Periods - Configuration details

Step 1 - Go to the page List of Penalty Types

1. Go to the Administration module;
2. Choose the Operations option;
3. Select the Penalty/Interest Setup;
4. Click the Grace Periods. This action opens the List of Grace Periods page (509:15250);

Step 2 - Create a grace period

5. Click the Create button. This action opens the Grace Period pop-up window;
6. Fill out the required fields (identified with a red star *). For example, Tax Type, Start Date, etc.;
7. Complete the Grace period in days and Grace period in months, as applicable;
8. Click the Save button. This action confirms the creation of the grace period, assigns a grace period number, and updates the List of Grace Periods page (509:15250).