Automatic Late Fees

Rule-based late fee application - never chase a calculation again.

Invoice list showing overdue status and fee indicators
Invoice list showing overdue status and fee indicators
Company settings and fee schedule configuration
Company settings and fee schedule configuration

Key Capabilities

  • Day 6: 10% late fee + magistrate fee applied automatically
  • Day 10: additional 10% fee applied on top
  • One-click Apply Late Fees button on each invoice
  • Configurable fee schedule per company
  • Late fee status banner shows days overdue and which fees are applied
  • Fees appear as line items on the invoice - fully transparent
  • Works with the payment tracker - remaining balance updates instantly
  • Generate adverse action letters for screening denials (FCRA compliant)

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