I suggest you ...

Automatic Late Fee's and/or Finance Charges

EVERYONE wants / needs this. Why is this not done yet... Also make it so we don't need to interact with it. Its so much easier just being able to tell a customer "Well, the computer did it." It would also help remove favoritism. I have a tendency to overlook some accounts for the people that I like.

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    Anonymous shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

    247 comments

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      • chris commented  ·   ·  Flag as inappropriate

        When will you be adding the "Assess Finance Charges" feature that is missing and included in the stand alone local version of QB... It's been several years... Why???

      • Anonymous commented  ·   ·  Flag as inappropriate

        I need a finance charge line item. If QBO can't figure out a way to make assessing finance charges automatic, this would at least make it easier to do it myself.

      • Anonymous commented  ·   ·  Flag as inappropriate

        WOW again.... looked through comments and this was first mentioned 2012..... And QB hasn't stepped up. This is such a standard feature and QB is supposed to be the Gold Standard.

      • Anonymous commented  ·   ·  Flag as inappropriate

        WOW. New to this and can't believe that a billing system doesn't charge late fees automatically. REALLY????

      • A. R. commented  ·   ·  Flag as inappropriate

        It is crazy that this is still absent. Does QB even read their suggestion box? I suggest you read your suggestions QB!

      • David M Beaty commented  ·   ·  Flag as inappropriate

        This should be on Qb already. Under the Late Payments of Commercial Debts Act, every company has the legal right to charge it to any outstanding debt.

      • Anonymous commented  ·   ·  Flag as inappropriate

        This is an important feature that would be very helpful. I'm a small landlord with only a few properties so the fee does not get added that often. However, when my previous rent collection service was automatically applying the fee the tenant knew right at the time of payment the fee was now due and I had fewer excuses ... it was late and the fee appeared right on the online invoice. Now that I need to manually add the late fee to the next month's invoice I receive emails offering explanations for why they're late and asking we don't apply the fee on the next month's rent. If the fee is automatically due on the day they're late and it's needed to pay the current rent in full, it's psychologically easier for the tenant to accept. I understand programming is not simple but there are other companies with fewer resources than Intuit already doing it.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Is QuickBooks working in adding an option in which we can charge fees to clients for paying using a credit card. My profits are being eaten by intuit fees and would like to pass the charges to the client otherwise I will be obligated to use another service or merchant services that will give me next day deposit and with lower fees.

      • Annmarie commented  ·   ·  Flag as inappropriate

        I would just like to be able to make it a percentage that is automatically added on after 30 days of not being paid, and also to be able to turn it off for certain clients.

      • vicki commented  ·   ·  Flag as inappropriate

        Once a month finance charge which is after a 30 day no pay. I still can't believe that this has not happen yet. Please make this a "hot button" to finally get done.
        Thank you in advance

      • Anonymous commented  ·   ·  Flag as inappropriate

        Late fee/finance charges would be a very good thing. When there is no penalty for being late people tend to forget or delay paying. I am all for this.

      • Tim Stewart commented  ·   ·  Flag as inappropriate

        I do add late fees after the 30 day period is up. However, it is hard for me to remember for all accounts, with so much going on in the shop. It would be very helpful to have some way to add the late fees for whomever/customer, and for any time period. Could you add it to the invoices somehow, so that when the designated time period arrives, such as the overdue invoices, the late fee charge is automatically added.
        Thanks for listening,
        Tim

      • anthony commented  ·   ·  Flag as inappropriate

        WE NEED TO BE ABLE TO CHARGE CLIENTS INTEREST AND LATE PAYMENT FEES, GEEZ ON!!!! THIS IS A BASIC FEATURE ON EVERY ACCOUNTING PROGRAM EXCEPT FOR THE QUICKBOOKS ONLINE VERSION IN THE 5+ YEARS NOW! THIS IS UNACCEPTABLE NOW!!!!

      • Carl@DVRA commented  ·   ·  Flag as inappropriate

        They have been too busy doing high-demand modifications like re-designing the UI, at least, 3 times since 2012.

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