Transactions & Reporting > Sales (Money In) > Customer Records > Interest Charges and Aging Periods

Interest Charges and Aging Periods

Add or change early-payment terms for customers

Charge interest on overdue customer invoices

The aging periods entered in your company settings determine if a customer is late on their payments.

There are three aging periods:

First Aging Period. Includes all invoices older than a specified number of days (for example, 30) but not old enough to be included in the Second period.

Second Aging Period. Includes all invoices older than a specified number of days (for example, 60), but not old enough to be included in the Third period.

Third Aging Period. Includes all invoices older than a specified number of days (for example, 90).

In Sage 50 Accounting, interest charges can be printed on customer statements.

You can also give your customers early-payment terms, individual item discounts on sales transactions and other discounts.