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Assess finance charges for late payments

When you assess finance charges, QuickBooks creates an invoice for each charge.

To do this task

  1. Set up QuickBooks to assess finance charges.

  2. Go to the Customers menu and click Assess Finance Charges. Shortcut

  3. Select the customers and jobs for which you want to assess finance charges.

    Important: Customers and jobs marked with an asterisk (*) have credits in the form of payments or credit memos that you have not yet applied to an invoice. The overdue balance shown in the Assess Finance Charges window does not reflect these credits.

  4. (Optional) Change finance charge amounts by typing over the amounts shown in the Fin. Charge column.

    To change the interest rate, click Settings and enter the new rate.

  5. (Optional) If you plan to print the finance charge invoices to send to customers, select the Mark invoices to be printed checkbox.

    If you send statements, leave this checkbox cleared. The finance charges will be included the next time you print statements.

  6. Click Assess Charges.

See also

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PPRDQSSWS902 9142 Pro 2018 19a999