A high-level introduction of how to create a rate plan for late fees.

We'll create a rate plan "Late Fees" in product "Late Fee Product", and add a one-time charge of $5 to the rate plan. The rate plan should not include other charges.

The rate plan can be created in one of your existing products.

For detailed steps of how to create a product rate plans and product rate plan charges, see Set effective start dates and end dates and Create a product rate plan charge