Late fee options explained

One fixed amount, whatever the invoice is worth. Simple and easy to explain to clients.

Example: a £5 flat fee charges £5 on a £40 invoice and £5 on a £400 invoice.

The fee is worked out from the invoice total, so bigger invoices carry a bigger charge.

Example: 5% charges £2 on a £40 invoice and £20 on a £400 invoice.

Only used with a percentage fee. It stops small invoices producing a fee that is not worth chasing.

Example: 5% with a least of £3 charges £3 on a £40 invoice instead of £2.

Also only used with a percentage fee. It puts a ceiling on the charge so a large invoice does not produce an eye-watering fee.

Example: 5% with a most of £15 charges £15 on a £400 invoice instead of £20.

The grace period. A fee is only added once the invoice is this many days past its due date.

Set 0 to charge on the first day it is overdue. Set 7 and an invoice due on the 1st picks up a fee on the 8th if it is still unpaid.

• The count is in whole days from the due date
• Paid or voided invoices are skipped
• You can set anything from 0 to 365 days

Under the settings there is a sentence describing exactly what you have set up, for example the fee, any limits and the grace period. If that sentence does not match what you meant, adjust the fields before saving.