====== CATS 2412 - Release Notes ======
June 2024.

This release incorporates a brand new report type: the Invoice Interest Report which makes calculating late fee charges a snap. It also includes several quality of life improvements.

<color blue>**[NEW]**</color> **Invoice Interest Report** \\ A new report is available to calculate interest for late payments that incorporates partial payments and interest roll-up receivables. Interest rates can be set across the whole company or for individual counter-parties. The Invoice Interest report is also incorporated into the past-due notification tool.

<color blue>**[NEW]**</color> **Invoice Surcharges** \\ Surcharges are a new type of entry that can be added to invoices. When added to an invoice, the surcharge applies to the inventory elements above it on the item list.

<color blue>**[NEW]**</color> **Automatic "Carry" Invoice Items** \\ With the addition of surcharges, comes the ability for CATS to automatically calculate the carrying costs and add that entry to the sale invoice.

<color blue>**[NEW]**</color> **Contract Flags attached to Grade/Descriptions** \\ Individual grade/description codes can now be set to prompt for Contract Flags during contract creation. In addition, grade/description codes can have flags associated with them so that they will automatically attach to the specified contract.

<color green>**[IMPROVEMENT]**</color> **Past Due Notification Overhaul** \\ The past-due notification service now incorporates the new invoice interest reporting tool to generate more accurate and comprehensive notifications. Provides spreadsheet summary of all notices sent.

<color green>**[IMPROVEMENT]**</color> **Location Screen Label Customization** \\ Companies can configure the traffic location screen to change the default labels for the Customs Release date, Warehouse release date, House B/L, Stuffing, and Feeder Vessels.

<color green>**[IMPROVEMENT]**</color> **New Location Fields** \\ A new free-entry field for Booking Number and a coded field for B/L Type have been added to the location screen.

<color green>**[IMPROVEMENT]**</color> **Inactivate Approval Terms** \\ Users can now set Approval terms as "Inactive" to remove them from the selection list.

<color green>**[IMPROVEMENT]**</color> **Default Credit Limit as Zero** \\ A new system setting changes how CATS treats a zero credit-limit. Rather than disabling the credit limit checks, with this new setting enabled a credit limit of zero will be treated as zero credit.

<color green>**[IMPROVEMENT]**</color> **Discharge Port on Shipping Instruction**\\ CATS will now pull the discharge port from the attached location screen and display that information on Shipping Instruction and Shipping Advice documents. {{tag>"release notes"}}

<color blue>**[NEW]**</color> **Option for a Credit Limit of Zero** \\ A new system setting makes CATS use a zero credit limit for companies that have no credit limit set.