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How Do I Record Late Fees for an Overdue Invoice?

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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.