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Interest on outstanding accounts

XrosstechXrosstech Member Posts: 3

Is there a way to have Wave add a certain percentage interest to outstanding accounts every month?

in Sales & Invoicing Feature Ideas

Comments

  • ConnorMConnorM Member Posts: 1,229 ✭✭✭

    Hey @Xrosstech! Thanks for reaching out here! Unfortunately, this isn't something that Wave currently has the ability to do within the current build of our software. I'm sorry for the inconvenience here! It might be something that we choose to develop in the future, but at the time being this is not on Wave's roadmap.

  • XrosstechXrosstech Member Posts: 3

    Thanks for the reply.
    It is kind of an essential feature. I have 70 recurring invoices per month, and has to go through all the arrears, then manually calculate the interest on the arrears, and then save again. It would be nice if the system could add a percentage interest to all amounts older than 30 days, and do this on a monthly basis.

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