When you assess finance charges, QuickBooks creates an invoice
for each charge.
To do this task
Set up QuickBooks to assess
Go to the Customers menu and click Assess Finance Charges.
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.
(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.
(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.
Click Assess Charges.
terms with a customer
Charge interest on
overdue finance charges
Set up payment
Record a bad debt
How QuickBooks calculates
notices of outstanding balances to customers