How to setup Late Fees on Invoices

In order to setup your Late Fees please follow the instructions below:

1. Top right, click on your name and select Settings
2. Click on the Invoice Setup tab
3. Click the Edit Settings button
4. Make sure there is a check next to Track Paid/Unpaid Invoice Status
5. Uncheck "None" and then choose either an Interest Rate or Flat Fee and enter in your amount
6. Enter in your Grace Period
7. Choose if you would like to Auto Calculate your Late Fees on past due invoices
8. Click Save Changes when finished

Initial view in Invoice Setup in Settings prior to updating:

These fee amounts can be changed per Client and Project under the Invoice Presets tab. You will also be able to see the interest billed on each invoice and adjust this per invoice if needed.

Invoice View - After Update:

If you manually apply Late Fees to invoices, click here for instructions.

 *In Bill4Time you enter an annualized rate, then interest accrues daily. 

** Please Note ** If you decide to remove your Late Fees, keep the "Auto Calculate" checked and change the late fee to "None"