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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      • Brenda commented  ·   ·  Flag as inappropriate

        Ability to add interest for late payments is something needed! Please work on this. I would also like this feature to be an option added. We have some clients who are good that we would waive interest as they pay regularly, but we have other clients who are consistently delayed in payments or very delayed in payments that need the interest added. Option should be able to be a selected percentage as all quickbook clients may choose a different rate of interest to charge.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Please add this feature. This is the only accounts receivable software I've ever used that doesn't allow finance charge calculation at month end. Also it would be nice if statements could be run at one time rather than per customer.

      • amatoslawncare commented  ·   ·  Flag as inappropriate

        Be able to assess finance charges on overdue accounts immediately before sending statements, you should not have to invoice each account separately for finance charges!

      • Anonymous commented  ·   ·  Flag as inappropriate

        I've sent in several messages about this. Can Quickbooks please acknowledge this and let me know if this is in the works. Thanks

      • Ryan Malek commented  ·   ·  Flag as inappropriate

        I would like to request the features of automatically sending late notices on overdue invoices, as well as automatically calculating and adding a late fee to said notices. This would be a very helpful feature.

        Thank you.

      • michele commented  ·   ·  Flag as inappropriate

        I need QuickBooks Online to calculate and add interest to client accounts that are past due. There should be a way to enter the interest rate and options to automatically or manually add each month.

      • Anonymous commented  ·   ·  Flag as inappropriate

        I was surprised that QB Desktop has an automatic late fee charge but QB online does not. It would be great if this was added!

      • Bobbie Wallace commented  ·   ·  Flag as inappropriate

        We've been waiting YEARS for this simple accounting function to show up. The desktop version already has this; surely it can't be THAT hard to add it to QBO! We are losing a LOT of money by not being able to add interest to outstanding invoices. Not to mention making clients lackadaisical about paying us off since interest isn't added.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Charge late fees when the due date of the invoice has been surpassed. Automatically send reminders of upcoming due date and automatically send renewed invoice once date has been passed.

      • koelkerx commented  ·   ·  Flag as inappropriate

        AUTOMATIC FINANCE CHARGES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      • Anonymous commented  ·   ·  Flag as inappropriate

        Hoping there are plans to add ability to calculate & assess finance charges for customers on QBO in the future. Thank you.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Add a feature to add finance charges easily instead of having to create a new invoice to finance charge a customer with overdue balance.

      • allthingslandscapellc commented  ·   ·  Flag as inappropriate

        Ability to add a charge of a presentage 3% of total bill. or 9% of one item all automaticly with out having to manually calculate and enter the fee.

      QuickBooks Online Feature Requests: Billing

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