Assessing finance charges

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

To assess finance charges:

  1. Choose Customers > Assess Finance Charges.
  2. Select the customers and jobs for which you want to assess finance charges.
    To... Do this
    Select an individual customer or job Click in the Assess column opposite the customer or job name.
    Select all the customers and jobs listed Click Mark All.
    “Unselect” everything you've selected Click Unmark All.

    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.

  3. (Optional) Change any finance charge amounts by typing over the amounts shown in the Fin. Charge column. To change the interest rate, click Settings and enter the new rate.
  4. (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.