Overdue Invoice Charges

This option allows you to set up a charge for overdue invoices.  This can be charged automatically on all invoices that are overdue by ticking the Auto Charge Overdue Invoices checkbox.  If you leave the box unchecked then it will not be automatically charged.

The calculation is calculated on the invoice gross amount, and the grace days are days after the invoice due date has passed.

You can select to charge a percentage amount by entering an amount and then ticking the % box or simply an amount. Here we have elected to charge 10% on the NETT invoice amount.

Now select a period after the invoice was created.  In the example below we have entered 1 day.  This means that 1 days after the Invoice Due Date the charge will automatically be entered. It appears as an extra line on the invoice stating it is an overdue invoice charge and can appear on a summary report.

The charge is calculated every time the program starts. If a charge is applicable, the invoices charged will be shown in a window at startup as shown below.