Defining a Late Fee
To define a Late Fee
- From All tabs, click Late Fees.
- Click New.
-
Enter values for the following fields:
Field
Description
Name
Enter a unique name
Currency
Select the currency to capture late fee
Late Fee Type
Select one out of the following:
- Amount: Select this option to add a fix amount to your invoice
- Percentage: Select this option to a a percentage of your Total Due Amount of the invoice as late fees
Late Type Value
For Late Fee Type as Amount, enter the amount to add to your Invoice.
For Late Fee Type as Percentage, enter a number between 0 to 100.
- Click Save.
