QuickBooks have the incorrect amount of finance charges for customers who have overdue balances.
Quick Tip: The information in this screen drives the finance charge calculation. Take note and make the necessary changes if needed.
Quick Tip: If the Finance Charge that QuickBooks calculated is lower than the Minimum Finance Charge that you set up, the program will not show you the correct calculated amount. Instead, it will utilize the minimum amount on the Assess Finance Charges screen.
Quick Tip: When reviewing several months worth of finance charges for accuracy, be sure to note that QuickBooks will assess charges from the last Finance Charge invoice on. the aging that will be used for this calculation is the one noted on the last Finance charge invoice that was created.