This window displays all the customers who have an overdue balance with your
company. You can assess finance charges to some or all of the customers
A/R Account (Accounts Receivable)
Displayed only when you have more than one A/R account set up.
If you want QuickBooks to record the finance charges in a different accounts
receivable account, enter the account name in this field.
Click to put a checkmark in the Assess column for each customer against whom
you want to assess charges for late payment.
To assess finance charges for an individual customer or job, click the
Assess column so that a checkmark appears next to the customer or job name.
To Assess finance charges for all the customers and jobs listed, click Mark
To change the finance charge for a customer or job, edit the amount shown in
the Fin. Charge column.
The date for the overdue balances shown in the Assess Finance Charges
QuickBooks prints this date on the finance charge invoices.
You can enter a different date if necessary.
Displays a collections report for the customer or job you have selected. The
report shows the open balance for all outstanding invoices for that customer or
How do I create this report?
To do this task
From the list of customers, select the customer for whom you want a
Click Collection History.
Use this drop-down arrow to select the template you want to use when viewing
and printing forms. You can use the templates that come with QuickBooks, or you
can create your own custom form templates.
The date that you last assessed finance charges against each customer or
Selects all the customers listed in the window.
Click Mark All when you want to assess finances charges for everyone
Mark Invoices 'To be printed'
If you intend to print finance charge invoices, select this checkbox.
To print all invoices at once, open the print window for invoices.
Go to the File menu and click Print Forms.
If you send statements, leave this checkbox cleared. The finance charge
amounts will be included with other charges the next time you print
Note: You can have QuickBooks select this checkbox automatically by
selecting the Mark finance charge invoices to be printed checkbox
in the Finance Charges Preferences window. To open this window,
open the finance charge preferences.
Go to the Edit menu and click Preferences.
In the Preferences window, click Finance Charge in the list on the left.
Click the Company Preferences tab.
Displays the Finance Charge Preferences window.
Use this window to change the interest rate you charge, specify a minimum
finance charge, set up a grace period for late payment, or change the account
you use to track finance charges.