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"

Please note that all finance charge invoice #'s will start with an “F” and can be found on the Billing > Invoices page.

*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.

**You can remove a finance charge by simply deleting the invoice for that specific finance charge, click here to learn how to delete an invoice.