To access the Arrearage Calculator, choose the “Arrearage” node under a Case in the Case Tree, and the Arrearage Calculator Table appears.
Use your TAB key to move among the fields to set the payment start and end dates, payment amount, payment frequency and annual interest rate for a particular Child Support Order. If necessary, you can then modify any specific cell within the table or any group of cells. This makes data entry easier and less time-consuming than other calculators.
E-Z STEPS to create your first Arrearage Table & Reports:
Input the Payment Amount, the Payment Period, and the Annual Percentage Rate.
The calculator supports Weekly, BiWeekly (one pay period every 14 days), SemiMonthly (twice a month, 24 pay periods per year), and Monthly (12 payments per year) payment periods.
Choose Simple Interest, Compound Interest or No Interest calculations, based on the Child Support Order.
We even made entering the date user-friendly!
Either use your TAB key to move to the date field and type it in or use the drop-down windows.
THEN CLICK CALCULATE.
After the table quickly populates with the calculated data, you will make adjustments for periods in which payments were paid on time, extra payments were made, etc. Once again, we made sure that tedious procedure is as easy as possible.
FULL ARREARAGE EDITOR VIEW: Adjusting Payment Period Details
There’s only ONE screen to handle the few necessary data entry fields. No clicking…clicking…typing…clicking…wait for a new screen to load..click some more..wait a minute for calculations…click some more. Again, we’ve made it “E-Z”.
Easily edit the details for a group of payment periods by: (1) select rows in the table [click one row, hold down the <SHIFT> key and click the last row in the group]; (2) RIGHT-CLICK the selection to edit the group; and (3) choose one of the options (i.e., Expenses Due, Amount Paid, Interest Paid, etc.) from the box that appears. You can also edit individual cells within the table just like an Excel spreadsheet.
Did we mention “E-Z“?
Even better than that: You may also highlight non-sequential groups of periods and then change those values at once. This works the same way, but highlighting the specific periods is different. You use the <CTRL> key rather than the <SHIFT> key when making row selections.
Steps for non-sequential row editing: (1) select rows in the table [click one row, hold down the <CTRL> key and click the next row that needs changing]; (2) RIGHT-CLICK the selection to edit the group; and (3) choose one of the options (i.e., Expenses Due, Amount Paid, Interest Paid, etc.) from the box that appears.