What is a finance charge and how to avoid it ⚠️
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What is a finance charge and how to avoid it ⚠️
A finance charge is the cost of borrowing money. This includes fees, interests, and penalties. For small businesses, it often means a fee charged to customers for late payments. When it’s time to apply a finance charge, using accounting software like QuickBooks can simplify the process. It helps you track overdue payments, calculate fees, and ...
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