Yes, late fees are available in the QuickBooks Online Canada version, and you can enable them by navigating to the Gear icon.
Follow these steps to activate late fees:
From the Gear icon, go to Account and Settings.
Click on the Sales tab.
Scroll down to the Late Fees section and click the Pencil icon.
Enable the Default charge applied to overdue invoices option.
Choose either Flat fee or Percentage of remaining balance in the Type section.
Input the amount, then select a Frequency, and set a Grace period.
Click Save, then Done.
Keep in mind that you have to enable invoice reminders or send them manually to inform the customer that they have been charged late fees. Otherwise, they won't be aware that payment is required.
Alternatively, late fees can be enabled directly when you’re creating invoices. Check this article for more instructions: Turn on automatic late fees.
If you have more questions, feel free to ask. We're here to help.
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