- Days late
- 0
- Late fee
- 0.00
- Total now due
- 1,000.00
Fee = amount × 1.5% × 12 ÷ 365 × 0 days charged (simple interest, by the day).
Make the invoice →Work out the interest or late fee on an overdue invoice from its due date. Free, instant, nothing to sign up for.
Fee = amount × 1.5% × 12 ÷ 365 × 0 days charged (simple interest, by the day).
Make the invoice →For a monthly rate charged by the day: amount × monthly rate × 12 ÷ 365 × days late. On 1,000 at 1.5% a month, 30 days late is about 14.79.
Usually only if the customer agreed to it before the work, for example in your quotation or contract terms. Put the late fee on every quotation and invoice so it is clear from the start. Rules differ by country, so check what applies to you.
Many small businesses use 1% to 2% a month, or a one-time fee. Keep it reasonable: the aim is to be paid on time, not to lose the customer.
Days after the due date before any fee starts. A few grace days avoid charging a customer whose transfer is simply on its way.
Send the invoice the day the job is done, state the due date clearly, offer an easy way to pay and send a polite reminder before it is due. Tichkuly CRM shows which invoices are due and sends reminders by WhatsApp.
Tichkuly CRM shows which invoices are due, sends polite reminders by WhatsApp and records part payments. Free to start.
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