Late payment fees

The Late payment fees tab is designed to manage and monitor extra charges resulting from delays in payment. This feature provides an effective way to easily track late fees associated with outstanding sales invoices.

Creating a Late Payment Fee

To create a new late payment fee, click on the New Late Payment Fee button.

Overview of Columns

The Late payment fees tab displays several important columns:

Date

Shows the due date applicable for the late payment fee.

Customer

Displays the name of the customer being charged the late payment fee.

Sales Invoice

Provides the reference number for the related sales invoice.

Amount

Indicates the total amount charged as a late payment fee.