Applying finance charges to aging balances

This article shows you how to apply late payment charges to aging balances.

1) Go to Billing > Balances

2) Select clients then click "Finance Charges"

3) Select the outstanding balance range and enter percentage then click "Create"

**If you have created these charges on the first of the month or beyond, you will need to backdate these charges in order to have them appear in the past month's statement. To see how to change the due date of the finance charge, click here.

Please note that all finance charge invoice #'s will start with an "F".