Charge Interest on Past Due QuickBooks Invoices

QuickBooks has become the best choice for all small and medium-sized businesses among all accounting software. Learn how to charge interest on past due QuickBooks Invoices. It makes your all financial programs in one place sequence-wise, which makes an easy path to handle all issues. It’s all features that are flexible with your all business requirements and fulfill all wishes to be more productive.

This happens when customers/clients do not pay any bill or payment in real-time and then need to pay charge interest on all dues. To create charge interests on all dues, you have to go through the complete procedure and then implement it.

To Charge Interest on Past Due QuickBooks Invoices

To take advantage of all new features, make sure you always update your QuickBooks Desktop with the most recent version. Among all features, this is one of the major queries, most QB users don’t know how to charge interest on past due QuickBooks invoices.

  • Make a separate invoice for the charge
  • Use can add all other items on the past due invoices

Solution 1: Create a Separate Invoice

  • Hit your first click on the “Gear icon” then select the “Products and Services
  • Hit your next click on the “New” option from the available preferences
  • After that, the user either cab chooses “Non-inventory” or “Service
  • Then need to enter all desired information including the name of the interest also
  • After filling in all required data, select “Income Account” and click on Save and Close.

Now, you get access to add more items to the new invoice approach

  • First of all, click on the “Plus sign (+)” and then select “Invoice
  • Then, go to the “Product/Service” column and add all interest item
  • After that, click on the “Amount tab” and fill in the amount manually
  • Then click on Save and Close.

Solution 2: The user needs to add all other items on all earlier due invoices with the given below instructions

  • To include more interest on the existing invoice, firstly, click on “Sales
  • Then and hit your next click on the “Customers tab
  • Then select “Customers” from the drop-down preferences and then view all past-due QuickBooks invoices
  • After that, the user needs to add an interesting item in the unused line section and fill in the appropriate amount
  • In the end, click on Close and Save and you are all done with this process.
May be helpful- Show and Print Past Due Invoices in QuickBooks

After following all the above solutions, if you still need any help, feel free to dial the QuickBooks helpline number. To clear your all queries regarding this issue or QuickBooks, you can drop all questions at this email address or do a LIVE CHAT with QuickBooks professionals.