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Level 1

When will we all get automatic late fees?

Wondering when all customers will get automatic late fees, this would be very helpful for us.

5 Comments
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Level 10

When will we all get automatic late fees?

I saw a webinar about it, and there is a serious problem in that it adds a line to the original invoice, instead of creating a new invoice. This changes the history, which is not good.  Hopefully they are fixing that before releasing. 

BTW, why do you think some people have got it?

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Level 1

When will we all get automatic late fees?

yes- i am waiting for this feature also- this way i can inform our members that this will automatically be done in QB and can blame it on the automatic process and when members complain

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Level 15

When will we all get automatic late fees?


@Malcolm Ziman wrote:

I saw a webinar about it, and there is a serious problem in that it adds a line to the original invoice, instead of creating a new invoice. This changes the history, which is not good.  Hopefully they are fixing that before releasing. 

BTW, why do you think some people have got it?


That is a good point, but additional invoices also pose a problem, most companies will not understand what the charge is for, the a/p clerk will look and see the old invoice, assuming it is even referenced, is paid.

 

the only way it can work is if QB either:

1.  comes up with a change invoice, which would list a finance charge as a new line item, but post that charge to income as of the date of the charge, leaving the original charges as recorded

or

2.  When a finance charge invoice is created, block sending it, and requires a statement be used to show the original invoice and the late fee invoice ( but that of course does not prevent printing and mailing)

 

quite frankly, neither is ever going to happen

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Level 1

When will we all get automatic late fees?

Dear OBO:

I happen to prefer the automatic late fees become their own stand alone invoice - It can be prefixed with LC or LF.  I do not like the late fee being added to an old invoice as a line item.  Therefore, IF this is ever corrected, please add the OPTION for us to choose adding it to the existing invoice as a line item or creating a new invoice for applicable invoice late fees.  The line items of the new invoice can reference the invoices in which the late fees apply.  Thanks for listening!

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Level 10

When will we all get automatic late fees?


@tjmand4 wrote:

Dear OBO:

I happen to prefer the automatic late fees become their own stand alone invoice - It can be prefixed with LC or LF.  I do not like the late fee being added to an old invoice as a line item.  Therefore, IF this is ever corrected, please add the OPTION for us to choose adding it to the existing invoice as a line item or creating a new invoice for applicable invoice late fees.  The line items of the new invoice can reference the invoices in which the late fees apply.  Thanks for listening!


It's not a matter of personal preference. It proper accounting

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