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.
Warren Wilson commented
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
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
The ability to automatically charge interest to overdue accounts / invoices on the online version of QuickBooks.
Please add this.
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 !!!!
Is there any update from Quickbooks itself on this feature?
I am looking for this option as well !
Please add a finance charge on invoices option! This is important for my clients who own businesses and need to keep up with their invoicing
Please create the option to automatically add late fees to existing recurring invoices.
This would work by letting me setup a late fee schedule (for example, if invoice is unpaid after 30 days, add x% of balance or a flat fee to next invoice )
I see many users giving this feedback but there are always very few votes (I vote for them!) and not well explained. Hopefully we can come together and all vote for this one so it rises to the top of QuickBooks priority list.
can i get this ???
This is a much needed feature, please add this!
james galvin commented
Finance charges need to be able to be assessed. it is completely ridiculous that this function is not included in your soft ware. you cannot expect someone to scroll through over 1000 invoices and manually figure the charges.
IF this is not updated i will be taking my business elsewhere.
Finance Charges!!! Having to figure finance charges is such a pain! Please let this feature be the next one you add!! This will save so much time!! Thanks!!
Automatic late fees.
Add assess finance charge feature to aging invoices
We need the option to add an interest rate to overdue invoices of our choosing. I would love to be able to have the automatic creation of a 2% interest on some of our accounts over our Net 30 day terms. Some of our customers have worked out agreements with us to not be charged the 2% interest, so I would like to be able to choose which invoices will or will not be subject to 2% interest on overdue invoices.
Eric Wagner commented
I've been trying to figure out how to add an automatic late fee to my overdue invoices. After some research, I see other people want the same thing, but QBO does not offer it at this time.
Can the developers PLEASE come up with a way to add automatic late fees once the terms (such as NET 30) are reached?
There would also need to be a place at the bottom of the invoice where it says the terms and what the late fees are.
Assess finance charges on a statement.
We need the ability to add intrest to open / unpaid invoices
It would REALLY great to have a feature to automatically charge a late fee for unpaid invoices. I know that you can manually do this, but we have 100+ unpaid invoices currently and so adding late fees would be time consuming and inconsistent. There should be a way to add a penalty and have the system keep track of it.