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Level 2

How can I create an invoice that will credit a different account beyond what is standard? For example a late fee or interest income. I am using QB Online.

 
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Best answer November 13, 2020

Best Answers
QuickBooks Team

How can I create an invoice that will credit a different account beyond what is standard? For example a late fee or interest income. I am using QB Online.

Hi there, @ gstraka.

 

Welcome to the Online Community. I’ll be sure to point you in the right direction about adding interest charges to the statement.

 

Since there’s not a direct way of adding these items to a statement, you can either create a separate invoice or add the charges on an existing invoice. To begin, create the interest charges item in your account.

 

Here's how:

 

  1. Go to the Gear icon at the top, and select Products and Services.
  2. In the Products and Services window, select New.
  3. Select the product or service type.
  4. Enter the name such as Interest charges. Fill in the field boxes.
  5. Once done, click on Save and close.

 

To record the charges, check out this article for the step by step process: How to enter late fees on invoices. Once you create a statement, the interest amount will automatically show on the transaction.

 

I've also attached a help article that will guide you in managing your statements effectively: Create Statements.

 

Just leave a comment below if you have more questions. I'll be right here to help you more. Stay safe. 

View solution in original post

1 Comment
QuickBooks Team

How can I create an invoice that will credit a different account beyond what is standard? For example a late fee or interest income. I am using QB Online.

Hi there, @ gstraka.

 

Welcome to the Online Community. I’ll be sure to point you in the right direction about adding interest charges to the statement.

 

Since there’s not a direct way of adding these items to a statement, you can either create a separate invoice or add the charges on an existing invoice. To begin, create the interest charges item in your account.

 

Here's how:

 

  1. Go to the Gear icon at the top, and select Products and Services.
  2. In the Products and Services window, select New.
  3. Select the product or service type.
  4. Enter the name such as Interest charges. Fill in the field boxes.
  5. Once done, click on Save and close.

 

To record the charges, check out this article for the step by step process: How to enter late fees on invoices. Once you create a statement, the interest amount will automatically show on the transaction.

 

I've also attached a help article that will guide you in managing your statements effectively: Create Statements.

 

Just leave a comment below if you have more questions. I'll be right here to help you more. Stay safe. 

View solution in original post

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