Interest expense and late fee expense account
Kathyyy
Member Posts: 1
Hi!
I look into all the discussion but find a little information about interest expense and finance charge related account. I wonder why Wave classifies interest expense as an operating expense when outside resources identify it as a non-operating expense?
Plus, I need to record late fee expense, can someone advise if I need to create a late fee expense under operating expense which is same as the above classification?
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