This is a situation where you decide to change your business policy on invoice sent to customers informing them that you now charge a certain percentage on invoice that are overdue for payment. 

QuickBooks will charge your customers with overdue invoice depending on your preference-from due date or invoice date.

To setup finance charge for your business, click edit from the QuickBooks menu, select preference and choose finance charge.

Click Ok to save these changes.Whenever QuickBooks recognized any invoice that is overdue for payment, it will start calculating finance charge on your receivables.

Use this tips to learn how to use finance charge in QuickBooks

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