View Full Version : Implementing Late Fees
05-15-2006, 11:54 PM
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?
05-16-2006, 12:05 PM
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.
05-16-2006, 01:38 PM
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
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