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Can I customize the date a finance charge begins?

We have not charged finance charges for awhile and want to start charging now. I want to charge from today, or another specific date and not from when the original amount was due. Is there a way to do this? I have Quickbooks 2016 but will be updating shortly

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Moderator

Re: Can I customize the date a finance charge begins?

Hi there, @farmgirl!

 

You can customize the Assessment Date of your finance charge. I'm here to help achieve this.

  1. Go to the Customers menu bar.
  2. Select Assess Finance Charges.
  3. On the Assessment Date field, choose a specific date to begin your charges.

Once done, this will be the date where you will start assessing your finance charge.

 

I've attached an article you can read to learn more about finance charges: Assess Finance Charges.

 

In addition, you have the option to select when to calculate charges. It's either from the Due date or the Invoiced/Billed date.

 

Here's a screenshot for your visual reference.

 

 

Fill me in if you have any other questions. It'll be always my pleasure to help.

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