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July 5, 2023
Question

Interest on Past-Due Accounts

  • July 5, 2023
  • 1 reply
  • 0 views

I am using QBO, and I am wondering if there is a way to automatically add interest on past-due accounts.

 

1 reply

July 5, 2023

Hello HeatherMarie1,

 

Thanks for connecting with us here. QuickBooks is a versatile program that helps you streamline your accounting with ease. I'll be happy to steer you in the right direction so you can get back to doing what you love. 

 

The  function you've described above isn't available. I can see the benefit of having the exporting options you've described and I encourage you to send feedback about this to our engineers. You can send feedback by clicking on the Gear icon and looking for Feedback. I recommend searching for a third-party app on our app store www.apps.com. In the meantime, you can manually charge the interest on past due accounts by creating a separate invoice for the charge or by adding another line item (interest) on the past due invoice.

 

Let me know if you have other questions by leaving a comment below. I'll be one message away.