How Do I Add Interest to Invoices?

See Also

Do the following to add interest to an invoice:

  1. Click Projects on the Navigation bar.
  2. Select a listed project to edit.
  3. Click the Billing tab and select Options from the drop-down list.
  4. Click the Interest tab.
  5. Make sure values are entered in the Interest Term and Annual Rate fields.
  6. Select Save from the Action drop-down list.

With these settings configured, when you create an invoice after the number of days that equals the Payment Terms + Interest Terms after a currently unpaid invoice after a period that is, it will automatically add a late line to the bottom of the invoice for the number of days it is late.