Set up Interest Charges for Late Customer Payments

ClosedBefore you can perform this task

Switch to single-user mode (Sage 50 Premium Accounting)

To set up Sage 50 Accounting to track interest charges on customer late payments:

  1. In the Home window on the Setup menu, choose Settings.
  2. Click on Customers and Sales, and then Options.
  3. Select the Interest Charges check box.
  4. Enter a number in the percentage and days boxes.
  5. Click OK.

What would you like to do?

Add or change early-payment terms for customers

Charge interest on overdue customer invoices