Creating a late fee schedule
Let us navigate to the "Late Fees" section by clicking the tab from the menu bar.
To create a late fee, just click on the "Add Late Fee +" tab located on the far right.
In the pop-up dialogue, you just need to fill in the following fields. Easy!
- Days Past Due - This indicates the number of days after the due date that you would prefer to start applying the late fee.
- Recurring Fee Schedule: If you plan to apply a late fee until the invoice is paid in full.
- Fee Type - You have four options:
- A set dollar amount
- A percentage of the outstanding invoice
- The higher amount between a set dollar amount and a percentage amount. For example, if the dollar amount is $10.00 but the percentage is $12.50, then the percentage amount will be applied.
- Or you can charge both a set dollar amount and a percentage amount.
- Once you have clicked "Save Late Fee", you will receive the following confirmation box.
Here's a quick overview of your schedule based on the selections you've made. 😊
In the following two sections, you'll see any recent charges and pending future charges. 😊