Interest on overdue accounts

SUGGESTED

Good Day 

Is there a way to automatically charge interest on overdue accounts on Sage One Accounting ? I have looked but cant see an option. Please advise. 

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    SUGGESTED

    Hi  

    Currently, there is no built-in option to add interest on outstanding invoices. To manage this, you'll need to manually adjust the customer account to include the interest balance.

    Here are the steps to do this:

    1. Navigate to Customers.
    2. Select Transactions.
    3. Choose Customer Adjustment.

    For detailed instructions, you can refer to this article: Sage Knowledge Base.

    Once done please confirm if the answer provided did help by clicking on verify answer.

    Sharon