I have a customer that is late in payments on more than one invoice. My terms are 30 days plus 3% monthly surcharge there after.
I can see the finance charges on the statement, but they are added as a whole of all invoices on the statement. There is no way of separating the finance charge to each individual invoice. When I goto receive payments, and the customer pays only one late invoice off the statement I have no idea what the finance charge would be, the only way to add the finance charge correctly is if the customer pays the total invoice amount at one time, which is unlikely in today's economy.
I suggest that along with finance charges being seen on the statement, one should be able to goto print/email invoices and see the charge that has accumulated for each individual invoice instead of just the collective invoices on a statement.
Or when one creates a statement separate the finance charge with each invoice and then create a total, so that the customer knows what each invoice is worth and the finance charge that it has accumulated instead of the collective amount at the bottom.
Ultimately it should be placed on each invoice so that myself and the customer know exactly what is owing, and so that I can receive the payment correctly in MYOB