Adding Late Fees to 1098 Statements

Adding Late Fees to 1098 Statements

The following steps add late fees as reportable interest on 1098 statements.
  1. In the System Administration Module, click Setup > Company.
  2. Click Open.
  3. Click the End of Year Tab, and select the Add Late fees to Reportable Interest option.
  4. Click Ok. This will cause late fees to be included on 1098 statements.

ArticleNumber:

000050106

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