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Dawn07
Level 2

how to add interest to an overdue invoice in Quickbooks desktop and can it be automatically updated.

I would like to add interest to rent invoices.  Can the interest or late fee be automatically updated on a daily basis until the invoice is paid?  Currently on Quickbooks Enterprise Solution Manufacturing and Wholesale 24.

Solved
Best answer February 11, 2025

Best Answers
Candice C
QuickBooks Team

how to add interest to an overdue invoice in Quickbooks desktop and can it be automatically updated.

Hey there, @Dawn07

 

It's great to see you back in the Community! 

 

Creating a service item will allow you to add interest on the invoice in QBDT. Then add it to the second line when creating or editing the invoice. 

 

Here's how to create a service item for the overdue invoices: 

 

  1. Go to the Lists and then Item List
  2. Press CTRL + N and pick Service in the Type drop-down. 
  3. Enter an Item Name and complete the Rate, Tax code, and Account
  4. Hit OK when done. 

 

Review this guide for additional details: Add, edit, and delete items

 

Once done, add the service item you created in the second line in the invoice from. See the sample screenshot below for more reference: 

 

 

Feel free to come back if you need an extra hand managing your invoices. I'll be more than happy to assist you. Have a great day!

View solution in original post

1 Comment 1
Candice C
QuickBooks Team

how to add interest to an overdue invoice in Quickbooks desktop and can it be automatically updated.

Hey there, @Dawn07

 

It's great to see you back in the Community! 

 

Creating a service item will allow you to add interest on the invoice in QBDT. Then add it to the second line when creating or editing the invoice. 

 

Here's how to create a service item for the overdue invoices: 

 

  1. Go to the Lists and then Item List
  2. Press CTRL + N and pick Service in the Type drop-down. 
  3. Enter an Item Name and complete the Rate, Tax code, and Account
  4. Hit OK when done. 

 

Review this guide for additional details: Add, edit, and delete items

 

Once done, add the service item you created in the second line in the invoice from. See the sample screenshot below for more reference: 

 

 

Feel free to come back if you need an extra hand managing your invoices. I'll be more than happy to assist you. Have a great day!

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