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J
JV30
January 12, 2025
Question

Late Fees On Past Due Invoices

  • January 12, 2025
  • 1 reply
  • 0 views

Hello all,

 

Has anybody figured out a workaround for QBO late fees assessed on invoices posted to a closed period? Right now, the automated late fees feature won't post if you've closed a period in which the invoice sits in. So, unless you keep the period open, you are unable to record the late fee. But to ensure data integrity, it's SOP to close a period after you close the books. It seems you have to manually review your invoices for late payment and then create an invoice for each late unpaid invoice but that's not efficient especially as the company grows.

1 reply

C
CamelleT
January 12, 2025

You're right, JV30. The available workaround at this time is to manually create an invoice for each late unpaid invoice.

 

Since the workaround is inefficient for you, I recommend sending your feedback about adding late fees on invoices for a closed period in QuickBooks Online (QBO). Here's how:

 

  1. Go to the Gear icon, then click Feedback.
  2. Enter your comments or product suggestions in the designated box.
  3. Hit Next to submit.

 

Furthermore, I'll share this resource to help you send gentle reminders to your customers about upcoming invoice due dates, thereby reducing the likelihood of overdue payments. Send invoice reminders automatically or manually in QuickBooks Online.

 

If you have further questions about managing invoices in QBO, please feel free to respond to this conversation. The Community is always available to support you and provide assistance whenever needed. 

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