cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

In QBO is there a way to set up automatic late fees on an invoice? I have a client that charges 3% on day 31. Thank you for your help.

 
3 Comments
QuickBooks Team

Re: In QBO is there a way to set up automatic late fees on an invoice? I have a client that charg...

QBO has rolled out a beta test on automatic late fees, cwermers.

 

At this time, not all QBO accounts have the option to activate the Automatic Late Fees feature. Rest assured our developers will expand this option to more customers in the coming months.

 

You can follow these steps to turn this on:

  1. Log in to QBO as the Master or Company Admin.
  2. Click the Gear icon.
  3. Select Account and Settings.
  4. Click the Sales tab on the left panel.
  5. Click the pencil icon in the Late Fees section.
  6. Check the box to turn it on.
  7. Enter the Type, Amount, Frequency, and Grace Period.
  8. Click Save, and then Done.

You can also refer to this article to learn more about applying automatic late fees in QuickBooks Online.

 

Please get back to me if you need anything else.

Level 1

Re: In QBO is there a way to set up automatic late fees on an invoice? I have a client that charg...

Is there an update on when this will be available to all in QBO? I would really like to have this option available to me (as I'm sure many others would too).

 

Thanks-

Shelly

QuickBooks Team

Re: In QBO is there a way to set up automatic late fees on an invoice? I have a client that charg...

I understand how important this is to you, @shellwe69.

 

having this feature is beneficial to you and other customers. As my colleague stated above, our product developers is working to expand this feature in the coming months. While we don't have a specific time frame of the complete roll-out of the feature. Let's manually enter a late fees to the invoice while waiting for the automatic feature to be rolled out. Let me guide you how.

 

In your QuickBooks Online (QBO) account:

  1. Click the (+) Plus icon.
  2. Under Customers, choose Invoice.
  3. Fill out the invoice with the necessary information.
  4. From the Product/Service drop-down, choose the late fee item. (If you don't have an item for additional charges, select the Add new from the Product/Service item drop-down. Here's an article you can check for more details: Add Your Inventory Products).
  5. Enter the amount of the charge.
  6. Select Save and Close.

Here's an article you can read for more detailed steps: How to Enter Late Fees or Finance and Service Charges on Invoices.

 

Also, I encourage you to visit our QuickBooks Blog page to learn what's new and what's coming in QuickBooks Online (QBO). 

 

As always, don't hesitate to reach out to us if you need further assistant. I'm always here to help.

Need to get in touch?

Contact us