Implementing Late Fees

[jwingfield2k]

I've noticed there is a check box for "Late Fees," and I would like to insert an automatic 10% late fee to accounts who have not paid within the NET 10 listed on their invoice. How do I do that?

Thanks.

[Gopher Tech]

Hi jwingfield2k,

If you review the Invoice Frequently Asked Question (http://www.gophergraphics.com/forum/cgi-bin/ikonboard.cgi?act=ST;f=2;t=686) section you will find an answer to this.

Late Fees (http://www.gophergraphics.com/forum/cgi-bin/ikonboard.cgi?act=ST&f=2&t=1463&st=0&&#entry8146)

Let us know if you have further questions.

[tiedeman]

One thing of advice for people that charge late fees, make sure that you are doing it "legally". In reality, if it is not stated in a contract a set late fee, you can only charge approx 17% a annual for being incorporated, and around 8% annually for not being inc. Make sure to get some legal advice on the matter