How do we assess statement finance charges monthly using qb online services? Desktop qb we can apply a finance charges monthly statements, can we with online versions?

Good day, @arkvalleyinfo.

Thank you for visiting us today. I can help you assess monthly statement finance charges in QuickBooks Online.

There are two available options for charging your customers late fees or finance/service charges:

• Create a separate invoice for the charge
• Add another line item to the existing invoice

Here are the steps in creating an invoice for an additional charge:

1. Click the Plus icon.
2. Choose Invoice.
3. Enter the customer name.
4. Select the item.
5. Enter the amount.
6. Click Save.

Here are the steps in adding another line item to the existing invoice:

1. Open the existing invoice.
2. Add the item.
3. Enter the amount.
4. Click Save.

The corresponding feature of Memorized Transaction in Desktop is Recurring Transaction in QBO. Here is and article for you that has the steps and some reminders: Create templates for recurring transactions.

That should get you on the right track, bobandrobinsteve.

Please know that I'm still here to help you more if you have follow up questions. Just leave a comment below or mention my name. Have a wonderful day!

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@arkvalleyinfo wrote:
We need to apply monthly statement finance charges to our Online data!  Where can we do this in mass to all statements like the desktop versions?

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To answer your question, no you can not do that in QBO

12/30/24 - almost 6 years later and still doesn't work. I just got off Chat with QBO and bottom line, submit feedback, this is the wording they suggested.

“I'm experiencing difficulty with the late fee feature not applying to past transactions to ensure that fees are applied consistently. I would like to apply finance charges to all open, overdue invoices, on a customer's monthly statement (like we could do in QBDesktop) Thank you for considering this enhancement to improve the product's functionality.”