I really don't know who QuickBooks Online have developing things but I'm quite sure they only ran a paper route.  They just don't have a clue about real world business issues.  This Late Fees feature is 100% completely unusable for any decentl size company.  I have no clue when they think people actually close their months.  The ones who do probably close around the 15th to 20th of the following month at the latest.  The question is how come they don't understand why this feature sucks.  

Another one.. Do you think they can ever add time-based discount terms for vendors like Enterprise and most others have?  I bet they don't have a clue why this saves so much time for again decent size companies. Its just so embarrassing,