We are excited to announce a new feature that enhances the flexibility of our invoicing system: the ability to attach late fees to your invoices! This feature is now live and can be managed both globally and at the individual invoice level.
You can configure late fees in two main ways: globally, for all invoices, or specifically for individual invoices.
To set up late fees for all your invoices, follow these simple steps:
To enable late fees for a specific invoice:
We offer a variety of adjustable parameters to tailor your late fee structure, including different intervals, grace periods, a flat one-time fee, and a maximum chargeable fee.
Once an invoice is past due, the late fees will be applied automatically. If an invoice includes a payment schedule, the due date of each scheduled payment will be considered.
The introduction of late fees will enable users to efficiently manage delays in payments from customers by applying a late fee. This feature opens up a range of new possibilities such as offering discounts for timely payments, which can be recouped past the due date in the form of late fees.
When a customer is charged a late fee, they will receive an email notification outlining the late fee policy, in addition to the payment success email.
Check out our latest product updates here!
Stay tuned for more updates and enhancements designed to make your business processes more streamlined and efficient.
