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.
DK the Genius commented
Finance charges and interest calculation on overdue invoices in QBO. The interest rate and finance charges should be customizable on per client basis as well as company level.
Sandra L Daniels commented
NEED TO BE ABLE TO CHARGE FINANCE CHARGES ON EXISTING INVOICES AND MAKE THEM RECURRING IF NECESSARY.
Our contracts state that Clients will have a monthly interest charge applied to their invoices each month they are over due. It would be great to be able to set this up and have it automatically calculated when an invoice is generated or automatically each month the invoice is not paid.
Need automatic finance charge feature like on the desktop version to keep track of overdue accounts