Automatic Late Fees will allow you to apply late fees to overdue invoices automatically. You'll have the flexibility to control when and what percentage of a late fee should be applied to an overdue invoice.
How to Use Late Fees
Go to Settings > Billing.
Scroll down to Late Fees.
Select the Service Item you'd like to use for the Late Fee on the invoice. This service item will be used when adding the late fee line item to invoices.
Set up conditions for the Late Fees:
You can specify multiple intervals with variable late fee rates (e.g., fee percentages: 1% after 30 days, 2% after 60 days, etc.).
Click Save Settings.
💡Pro Tip: Regularly review your invoice settings to ensure they align with your billing practices.
FAQ
What time zone does the late fee apply in? Currently, the fee is applied at midnight CST.
Does the late fee apply before or after discounts? Currently, discounts are applied before the late fee.
How is the late fee calculated? The late fee is calculated as a percentage of the outstanding invoice amount.