When you set up a charge in your association, you can define it by charge type, which brings along certain billing policies that you can set regarding late fees, interest, grace periods, etc.
Navigate to the Financial Dashboard and scroll down to Billing Settings.
In Billing Settings, as you scroll down, you will find Charge Types. There are four defaults that you can rename, or you can add new types.
Note that you can also map these charge types to specific GL accounts for purposes of accounting.
📆 Charge Due In... Configurable "due dates"
Often, an association's Bylaws or CC&Rs dictate that certain charges must not be made due immediately, which is the default action for most charge types. For example, if you are issuing a Fine and your Bylaws state that fines must be collected after a 30-day wait period, then you will want to configure the charge type as due in 30 days here.
Charges created using the Charge Creation tool with specific due dates will always override this setting in charge types.
This is particularly important when utilizing autopay, especially if you have turned off the ability to select specific charge types to which autopay will apply. To learn more about autopay setup see this article.
📆 Configurable General Ledger Dates
You can configure when the charge is posted in your GL using the General Ledger date config here. Read more in this article.