How to charge interest owing on overdue invoices

Summary

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

Resolution

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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Solution Properties

Solution ID
221924550011765
Last Modified Date
Mon Feb 27 13:46:41 UTC 2023
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