Finance charges

I've got the steps to correct your ending date for your Finance Charges, T4. 

We can correct the wrong period by locating the transaction in question and manually updating it. Let me show you how: 

1. Open the Customer Center. 
2. Choose the specific customer. 
3. Select the Finance Charge (FC). 
4. Change the date and click Save & Close. 
   

Furthermore, you can scan this article to learn more about managing your Finance Charges: Assess finance charges. 

Lastly, I've included this guide to help you send your customers summaries of their invoices, payments, credits, and balances: Create and send customer statements in QuickBooks Desktop. 

Visit us again if you have additional questions about managing your finances or any QuickBooks-related concerns. Keep safe! 

I attempted to do the first customer as you suggested, however the finance charge was not recalculated and is still showing two months of finance charge instead of the one-month charge as it should be. Please advise how to correct this.

Additionally, if the resolve is to void and reapply how do I keep the voided transaction from appearing on statements.

Can anyone help me to remove Finance charges i had applied for three times in a day by mistake

I can help you with removing the Finance Charges applied to the transaction, @Asha J.

You can delete the Finance Charge transaction to remove it. You can also remove the Finance Charge Invoice in order not to include it in the next statements. 

Follow the steps below:

1. From the Customers menu, select Customer Center.
2. Select the customer and click Finance Charges transaction one by one.
3. Click on Delete to remove.

To learn more about the different methods you can use to exclude an invoice when assessing finance charges, go to this article and proceed to the Prevent a finance charge from being assessed on an invoice section: Assess finance charges.

Furthermore, refer to the following article for more information about recording payments once you've received them: Record an invoice payment. 

Let us know if you need more help removing a finance charge from a transaction. The Community is always here to answer them for you. Have a great rest of the day.

Thanks for replying. I have applied Finance Charges for all the customers, now deleting them one by one for approx 500 clients will be tedious job. Can you guide how can i delete all of them in one go. 

Thanks for replying. I have applied Finance Charges for all the customers deleting them one by one for approx 500 client will be tedious job. Can you guide if i can delete in one go

There's no direct way to delete finance charges in bulk, @Asha J. I'll provide additional details and a workaround for this matter.

Currently, we can only delete finance charges for your customers in QuickBooks Desktop (QBDT) one at a time. 

For now, you can ask your accountant for assistance and have them utilize the batch delete transactions in the QBDT Accountant version. You may also look for a third-party application that easily deletes finance charges by batch.

While this option is unavailable, I recommend sending your feedback to our product developers so they can review it and might consider implementing it in the future. Please know that changes are also based on how popular a specific feature request is. Here's how:

1. Click the Help menu located at the top.
2. Select Send Feedback Online, then click Product Suggestion.
3. Type in your feedback or feature request.
4. Click the Send Feedback button.

Additionally, you can run and customize sales reports in QBDT to gain valuable insights into the items you buy and sell and the status of your inventory.

Please feel free to contact us anytime if you need anything else about handling finance charges. We're always here to guide and assist you.