How to set up finance charges in QuickBooks online
December 3, 2020 10:19 am
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It is a good idea to notify your customers before you start assessing finance charges. This will give them a chance to catch up, and no one will be surprised to see the extra invoices. Assessing finan
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How to set up finance charges in QuickBooks online

It is a good idea to notify your customers before you start assessing finance charges. This will give them a chance to catch up, and no one will be surprised to see the extra invoices. Assessing finance charges is a regular part of the Accounts Receivable workflow in QuickBooks. You assess “finance charges” when you have late fees, or there are some unpaid balances. In the below, we will discuss how to assess finance charges in QuickBooks Desktop. You can also prevent finance charges to be assessed on an “Invoice. QuickBooks does the heavy lifting as far as calculations are concerned, but it is important that you set your finance charges up correctly.
You will need to let QuickBooks know how you want them handled.
Open the Edit menu
Select Preferences.
Click the Finance Charge tab in the left vertical pane
the Company Preferences tab in the window that opens. You will see something like this.

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