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Mugglebus
Level 1

Late Fees not listed on statements

Late fees are only retroactively added to invoices that are overdue, but I send out statements with the current month's charges, not invoices, so the customer never sees the late fees. Therefore assessing a late fee provides no incentive to get the customer to pay, and leads to confusion because the customer does not see the line item on the current statement. The desktop version listed the late fees/finance charges on the statement, which made it apparent to the customer exactly how much it was costing them to not pay. Can this be fixed?

1 Comment 1
JorgetteG
QuickBooks Team

Late Fees not listed on statements

I recognize how important it is for you to have late fees to appear on or be displayed on the statements and I appreciate you for bringing this to our attention, @Mugglebus .

 

However, please note that the late fee feature in QuickBooks Online (QBO) is designed for invoices only, and statements have a fixed format.

 

But you can still share your feedback and suggestions with our product engineers by following these steps:

 

Here's how:

 

1. Click the Gear Icon.

2. Under Profile, click on Feedback.

3. Enter your Suggestions.

4. Then click Submit.

 

Your insights are invaluable in helping us improve our software as we work to enhance our product and give you and our other clients an even better user experience.

 

In the meantime, you can customize the Sales by Customer Type Detail report to display the data you need.

 

Here's how:

 

1. In your QBO account, proceed to the Reports menu.

2. Search and select the Sales by Customer Type detail report.

3. Click the Customize button.

4. In the Report period section, choose the date.

5. Under Rows and columns, put a checkmark on Customers and Product/Service.

6. Choose Customer under Filter to select a specific customer.

7. Once done, click Run report.

 

Allow me to share additional information about late fees in QuickBooks Online:

 

 

Please don't hesitate to contact us again if you have any further questions about managing your invoices and statements. I'll be around to help in any way that we can.

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