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 →

    271 comments

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      • Viki Stodden commented  ·   ·  Flag as inappropriate

        Since this isn't an option and Intuit has made no indication that it will be a possibility, we need to look for different software that does this, does anyone have any recommendations on what would be a good replacement? Thanks

      • Stephan Cavelti commented  ·   ·  Flag as inappropriate

        Can we get a response on this please, need to know if its in the works. Otherwise I need to look for a different system

      • Lisa commented  ·   ·  Flag as inappropriate

        Please add the ability to assess finance charges on late invoices

      • David Appel commented  ·   ·  Flag as inappropriate

        This feature is so important. PLEASE create an auto late fee / interest process for late payment invoices. I was VERY surprised that Online does not have this like the desktop version. The great auto email invoicing process has now been minimized because I will have to enter these all manually. . . . ouch. PLEASE fix this.

      • Robert commented  ·   ·  Flag as inappropriate

        You got to be kidding - QB on line doesn't allow for automatically assessing late fees...QB desktop allows it and you can literally accomplish it in minutes....we have a large customer base over 2000 customers....if i stay with the on-line version I will be married to my computer.....what an oversight

        Good Bye QB On Line - back to the desk top version..............

      • sarah vass commented  ·   ·  Flag as inappropriate

        I would like to see QBO have the option to automatically assess interest on all invoices that are overdue instead of having to go in and manually create invoices for interest on overdue amounts.

      • terrynygren@sasktel.net commented  ·   ·  Flag as inappropriate

        I am an accountant and a ProAdvisorI have tried this online version of QuickBooks and done the basic ProAdvisor Online course and have following comments
        I don't see it working for many of my clients because
        A It does not have an automatically generated transaction number that is integral to each entry
        B It does not convert payroll employee data from the desktop version to online. It seems the payroll module is an afterthought rather than an essential part of the software. And you currently have a major error when calculating CPP deductions that is really frustrating and surprising
        C It does not have an automated finance charge calculator for assessing finance charges which is an essential part of receivables. Manual calculation of finance charges is really time consuming

        Anyway I hope these comments help a bit. I think you are overselling this software as a business software when it is more in the Quicken class

      • Warren Wilson commented  ·   ·  Flag as inappropriate

        I definitely agree with this concept, It is causing our company a problem. that we never had before and it would be nice to have it the way it was in the desktop version

      • Patrick Fabian commented  ·   ·  Flag as inappropriate

        agreed! I am not sure why they are so reluctant to introduce this feature when I'm there are so many people that are requesting it

      • Anonymous commented  ·   ·  Flag as inappropriate

        The ability to automatically charge interest to overdue accounts / invoices on the online version of QuickBooks.

      • erica commented  ·   ·  Flag as inappropriate

        HI,

        We really need an automatic "late fee" /"finance Charge" for overdue bills.

        also: A line total, for the number of items sold/quantity.

        Thank you !!!!

      QuickBooks Online Feature Requests: Billing

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