How do I assess finance charges ?

When you assess finance charges, QuickBooks creates an invoice for each charge.

1. From the Customers menu, choose Assess Finance Charges.

2. Select the customers and jobs for which you want to assess finance charges.

Important: Customers and jobs marked with an asterisk (*) have credits in the form of payments or credit memos that you have not yet applied to any invoice. The overdue balance shown in the Assess Finance Charges window does not reflect these credits.

4. (Optional) Change any finance charge amounts by typing over the amounts shown in the Finance Charge column.

To change the interest rate, click Settings and enter the new rate.

5. (Optional) If you plan to print the finance charge invoices to send to customers, select the "Mark invoices To be printed" checkbox. If you send statements, leave this checkbox cleared. The finance charges will be included the next time you print statements.

6. Click Assess Charges.