Set up Monthly Interest for Contract

Created by Ortho PMS, Modified on Sat, 1 Nov, 2025 at 5:03 PM by Ortho PMS

Set up interest in the contract
Interest Percentage indicates the rate of interest applied to the contract. Grace Period specifies the additional number of months allowed beyond the treatment duration; once this period is exceeded, interest is applied to all invoices. Maximum Installment Period defines the total number of months within which the patient must complete all payments and cannot exceed this duration.
Example: If the treatment duration is 18 months and the patient’s monthly invoices extend beyond 21 months, a 6% interest will be applied to all invoices for the contract amount
When an adjustment is made and the invoices extend beyond 21 months, a 6% interest will be calculated on the remaining balance and applied to all open invoices.