Interest on Aged Balances!!

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Permanently deleted user

• May 28, 2010 16:51

Still waiting for some toggle that will allow me to charge interest on aged balances!  This is pretty fundamental and every time keeping software that I ahve ever used does this, including Timeslips, Timematters, and Tabs!!

 

Posted by: Bruce L Beverly on Sep 26, 2008 4:31pm

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  Kristin O'Neill

  • February 12, 2016 21:51

  Thank you for your suggestion! This option has been advanced! You can learn more about this functionality and how to set this up here: https://support.bill4time.com/hc/en-us/articles/204251370-How-to-setup-Late-Fees-on-Invoices

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  Permanently deleted user

  • May 28, 2010 16:51

  By: Craig E Feringa on Dec 02, 2008 12:11pm

  Absolutely, this is a basic function that should be added ASAP

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  Jon Dieringer

  • May 01, 2014 19:46

  Apparently, the aged accounts / balances problem persists.   If this is "Done", then a link to how it works should be provided.    For example, my client wants me to collect on a judgment of about 2 years old.  A few charges have been incurred, and a few payments have been made over time.   So, I would like the program to have the judgment start date, the expenses since that start date, the payments, and interest in an initial invoice.   Then, I would like to send periodic - monthly invoices that may only reflect interest accrued since the last invoice, or may include further expenses and/or payments.   Also, the program should allow for simple interest.    It is strange that the program does not allow for periodic interest-only invoices, but rather requires a time or expense entry.   

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