How to charge interest owing on overdue invoices

How to generate customer statements to view interest due and create an invoice for the interest amount in Sage 50 Accounting.

To set up interest charges

1. Set Sage 50 to track interest charges.
2. Generate customer statements to view interest charges.

To charge interest owing

1. Create a new sales invoice for the interest amount owing.
2. When you receive the payment, enter the payment against the interest invoice.

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