Add automatic late fees on past-due invoices
Ability to automatically calculate, add and track late fees on overdue balances (with email notifications/reminders).
I believe this is something that could be added with the Automation settings and custom functions.
Have a look at scenario 2 on Scenarios for Custom Functions on this link - https://www.zoho.com/uk/books/help/settings/automation-scenarios.html
Hope this helps!
Theeban Rajendran commented
This is a must needed feature.
Yes, this is needed. This is a basic function of accounting and if late fees and interest can't be automatically calculated this is not a system worth using, because that still has to be tracked someone else and then added to invoices and late notices.
darren falls commented
This is a great idea..
Come on guys, this one is obvious. Late fees for aging invoices. If you're worried about throwing off the accounting for the past A/R, then just give the user the option to enable automatic late fees on invoices moving forward.
Jordan Duran commented
LP, I think this is a great idea. This way we don't have to keep track and it will nudge our customers to pay us quicker.
I think we should be able to send out Requests for Quote so that we can always get the best manufacturing prices. If you think this is a good idea will you please check out my idea and give it 1-3 votes. Below is the URL so you can find it quick. To search it type: Ability to Send Requests for Quotes
I like more info on this