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Setting Up and Applying Automatic Late Fees on Quickbooks Online
In this episode, Nick Baldo introduces QuickBooks online and its latest feature for rental businesses. He provides a detailed guide on managing and adding late fees on invoices in QuickBooks, explains account settings, and previews the beta version of the late fees feature. Nick walks through how to set up a flat fee and frequency for late fees, ensuring legal compliance. He also explains how to check late fee applications and the manual charging process, and how to configure grace periods for late fees. The episode concludes with a review of the benefits of automatic late fee additions for landlords and a plug for resources on incomedigs.com.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
If you're in the Rental Property Management game, your likely charging your tenants late fees. After all, you get charged late fees on your bills/ mortgage payments....your tenants should carry that burden as well! With Quickbooks Online's new "Late Fees" feature, we can now set up late fees to automatically get added to past due invoices. Check out this video where I break down exactly how to set this up!
(0:00) Introduction to QuickBooks online and its new feature for rental businesses
(1:18) Detailed guide on managing and adding late fees on invoices in QuickBooks
(2:27) Overview of account settings and introduction to beta version of the late fees feature
(3:14) Step-by-step setup of flat fee and frequency for late fees with legal compliance
(4:16) Checking late fee application and manual charging process
(5:38) Configuring grace period settings for late fees in QuickBooks
(6:50) Review of automatic late fees addition and its benefits for landlords
(8:08) Conclusion and promotion of resources on incomedigs.com
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By Nick BaldoIn this episode, Nick Baldo introduces QuickBooks online and its latest feature for rental businesses. He provides a detailed guide on managing and adding late fees on invoices in QuickBooks, explains account settings, and previews the beta version of the late fees feature. Nick walks through how to set up a flat fee and frequency for late fees, ensuring legal compliance. He also explains how to check late fee applications and the manual charging process, and how to configure grace periods for late fees. The episode concludes with a review of the benefits of automatic late fee additions for landlords and a plug for resources on incomedigs.com.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
If you're in the Rental Property Management game, your likely charging your tenants late fees. After all, you get charged late fees on your bills/ mortgage payments....your tenants should carry that burden as well! With Quickbooks Online's new "Late Fees" feature, we can now set up late fees to automatically get added to past due invoices. Check out this video where I break down exactly how to set this up!
(0:00) Introduction to QuickBooks online and its new feature for rental businesses
(1:18) Detailed guide on managing and adding late fees on invoices in QuickBooks
(2:27) Overview of account settings and introduction to beta version of the late fees feature
(3:14) Step-by-step setup of flat fee and frequency for late fees with legal compliance
(4:16) Checking late fee application and manual charging process
(5:38) Configuring grace period settings for late fees in QuickBooks
(6:50) Review of automatic late fees addition and its benefits for landlords
(8:08) Conclusion and promotion of resources on incomedigs.com