Late Payment Fee
$0
Administration charge you could have added to this invoice
Daily Charge Rate
$0
Fee accruing per day while invoice remains unpaid
Revised Invoice Total
$0
Original invoice amount plus administration fees
How to use this
- Add a late payment fee clause to your payment terms
- Specify the annual rate and how it's calculated
- Apply the fee to invoices that exceed your payment terms
- Include the updated amount in your payment demand
Late payment fees are legal administration charges for the cost of managing overdue accounts. Always include fee terms in your original contract or invoice terms.