Solution Properties
Solution ID:
223924350033251
Last Modified Date:
Wed Apr 01 01:24:40 UTC 2026
Taxonomy Path:
Category//Transactions//Payments//Invoice payments
Author:
LegacyAuthorUS
How to set interest charges for unpaid invoices
Description
Cause
Resolution
  1. Go to Setup, Settings, Receivables/Customers & Sales, then and Options.
  2. Select Interest Charges.
  3. Select One-Time Simple Interest or Compound Interest. See how One-Time Simple Interest and Compound Interest work.
  4. Enter a percentage and number of days.

NOTE:

Interest calculates on outstanding invoices based on the number of days you've selected and will calculate only once.

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