Thursday, July 16, 2009

How do I Assess finance charges on overdue finance charges?

If you want QuickBooks to Assess finance charges on finance charges, tick the checkbox "Asses Finance Charges on overdue finance charges". QuickBooks calculates interest on both the original overdue amount and on the finance charge amount. If you did not select this checkbox, QuickBooks calculates finance charges only on the original overdue amount.

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