Summary
In this article, you will learn how to record late fees for an overdue invoice in Sage Accounting.
Description
I have a customer with an overdue invoice, and I would like to charge a late fee. How do I record this in Sage Accounting?
Resolution
There are two methods to recording late fees in Sage Accounting.
- Modify the outstanding invoice and add the late fee as a separate line item.
- Bill the customer with a second invoice for the amount of the late fee.