Use the Finance Charge form to record the finance charges for late payment in the invoices/receivables register. If you use customer statements to remind your customers about late payments, you can include the finance charges on the printed statement.
- Open the account that you use to track this customer's payments and invoices.
- Click
(the Account Actions icon), and then choose New Finance Charge. - In the Finance Charge dialog, enter the customer name and the project/job.
Quicken displays the list of unpaid invoices, including Due Date and Aging, for this customer.
- Select a category in the list.
- Enter a memo about the customer or job. (Optional)
- Enter a transaction date for the finance charge if necessary; Quicken uses the current date by default.
- Enter the expected date of payment.
- Enter the amount of the finance charge.
- Click OK to record the transaction in the invoices/receivables register.
This feature requires Quicken Home, Business & Rental Property. Learn how you can upgrade Quicken in minutes.