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July 23, 2024
Question

Why do our customer invoices now include a finance option?

  • July 23, 2024
  • 1 reply
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1 reply

Nicole_N
July 23, 2024

I appreciate you for asking. Let me share some insights about how invoice financing works in QuickBooks Online (QBO).

 

Invoice financing allows you and other businesses to access cash for unpaid invoices. 

 

It is a form of short-term borrowing in which your business uses unpaid invoices as collateral to obtain funds. You receive upfront cash based on the value of your outstanding invoices, rather than waiting for customers to pay according to the terms.

 

For more information, check out this page: What is invoice financing and how does it work?

 

Just in case you want to apply late fees for overdue invoices, you may visit this article for the details: Apply late fees to overdue invoices automatically in QuickBooks Online


If you have any follow-up questions about invoices in QuickBooks, you can always return to this forum. The Community team will be here to answer them for you.