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Automatically add a fee for a late payment to invoices
by Intuit•67• Updated 3 months ago
Learn how to set up an automatic late fee for invoices that are overdue in QuickBooks Online
You can have invoices automatically calculate a late fee for payments that are overdue. An item gets added to the invoice and you don't need to add a fee every time you are dealing with an overdue payment.
Calculating late fees
- Go to the ⚙ icon and then Accounts and settings.
- Go to Sales.
- Select the pencil icon in the Late fees section.
- Turn on Default charge applied to overdue invoices.
- Select either a flat fee or to have a percentage of the remaining balance.
- Enter your amount and frequency of your late fee.
- You can optionally set up a grace period in the Grace period dropdown.
- Select Save.
Invoices that are past due will show a late-fee line item under Product or service on the invoice.
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