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 →

    296 comments

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      • Anonymous commented  ·   ·  Flag as inappropriate

        Can you please have late payment fees automatically calculate on overdue invoices over the terms set? Allow for us to be able to select different interest rates.

      • Anonymous commented  ·   ·  Flag as inappropriate

        I've had a few clients request capability to auto assess a finance charge (i.e. 2%) on outstanding unpaid invoices if unpaid after the due date - this is a function Freshbooks does automatically and has been a barrier to entry for a couple clients who don't want to have to manually apply fees on big batches of invoices.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Please add the ability to assess finance charges and do batch invoicing. These are basic functions of accounting software. I will be switching back to Quickbooks software if these options are not added soon, as I was assured they would be when I originally signed up for Quickbooks online.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Invoices
        QBO needs to be able to have better customization where adition columns can be added.
        The ability to sub-total a group of charges
        Have blank lines
        Have the option to show the Class on the invoice
        OTher
        To be able to charge finance charges on all late customers .

      • Anonymous commented  ·   ·  Flag as inappropriate

        It is beside me why QB online would not offer this. The desktop version would at least allow us to assess the finance charges. QB online should have a way to automatically add the finance charge. We are loosing money until this functionality is available.

      • integrityinv commented  ·   ·  Flag as inappropriate

        QB Online needs to have an option to assess finance charges to past due invoices like the desktop version does!

      • MARGARETA commented  ·   ·  Flag as inappropriate

        ARE THERE ANY PLANS FOR A WAY TO CALCULATE AND ADD IN FINANCE CHARGES ONTO OUR CUSTOMER ACCOUNTS?

      • Anonymous commented  ·   ·  Flag as inappropriate

        Absolutely need this. We can save significant $ if we don't need to have someone do this manually every month.

      • David commented  ·   ·  Flag as inappropriate

        Does anyone know if they are going to add this feature to the online version?

      • Ken Martin commented  ·   ·  Flag as inappropriate

        Yes, EVERYONE needs this feature - it is critical to doing business in today's financial climate. NOTE: Some customers legitimately should not be charged late fees (construction retentions, etc.). Have a flag in the customer file to show whether this customer should be automatically charged late fees or not.

      • Anonymous commented  ·   ·  Flag as inappropriate

        Why wouldn't a complete accounting system, not have a function where late charges and interest is automatically added to late customers? In QB desktop versions there is that option but not in QB online. This is a major mistake on Intuits part. This needs to be corrected as soon as possible.

      • DK the Genius commented  ·   ·  Flag as inappropriate

        We also have different late fees and interest charges for different clients. Whenever this feature is implemented, I would appreciate if this criteria should be kept in mind.

      QuickBooks Online Feature Requests: Billing

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