perfect, thanks!
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Quickbooks Invoices & late fees
On my monthly Mortgage statements, my car loans, and my water bills, I notice there are two payment amounts calculated, one for the on time payment, and one for the late payment.
For example, my water bills says:
Amount Due if paid by 1/30: $35
Amount Due if paid after 1/30: $40
Is there a way I can have Quickbooks automatically include a late fee on the invoices like this?
I have Quickbooks 2007 Premier Professional Services Edition.
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by: moorhouselondonPosted on 2007-01-26 at 08:54:09ID: 18405499
(1) If the Invoiced "bottom line" amount is $35 or $40 (dependent on date), rather than the $5 penalty being added to the next bill, then this is "Early Settlement Discount" that is being offered.
http://forums.quickbooksus
(2) If the Late payment charge appears on the next bill, then it is an Item on that next Invoice, not on this Invoice.
(NB I am not a qualified Accountant)