You did not answer my question correctly. I know that I can set up Timeslips to charge simple or compound interest. That questions is "how do I NOTcharge interest on an amount" while charging interest on fees, cost and expenses on other amounts? Is there a way to do that? I have to reverse a credit given to the client that included $18,000 of fees and $2,000 of interest. The only way I know how to reverse out the $20,000 is to create a transaction that includes an invoice for $20,000 but that would cause me to be charging interest on the $2,000 interest for all future invoices sent to the client. That is usurious in my state.
↧