Indicating the Adjustment Frequency

The Adjustment Frequency setting is used to dictate the timeframe after which surcharges are applied to any outstanding liabilities that have not been paid. For example, if an employer is billed monthly for an employer contributions product, and the adjustment frequency of that product is set to one month, then employer will have one month to send in payments toward the bill. If the employer does not send in payments within the month, surcharges will be applied to the outstanding bill.