Automatically Charge Past-Due/Finance/Late Fees to Past Due Invoices

New Contributor II

I know different states have different rules regarding finance charges and late fees.  However, it would be great if there was a setting that could be turned on that would automatically charge fees to invoices past their payment terms on a scheduled basis.  So people who get billed out on the 15th of a month with Net 30 terms would be auto-assessed the % or $ fee on the 15th of the following month rather than wait for the manual process to be done on the 30th of the following month.


New Contributor

New Contributor II

Yes we would like to have an option to do across the board or mass finance selecting specified customers.

charging finance charges by going through each invoice is just not efficient or timely.