Charge interest and compensation on late invoices

UK law lets a business charge another business interest at 8% above the Bank of England base rate on a late invoice, plus fixed compensation of £40 (under £1,000), £70 (under £10,000) or £100, unless your contract says otherwise. It doesn't apply to consumers.

1. 1Turn on Late payment charges in Settings, Features.
2. 2Open an overdue invoice. The panel shows what you could claim so far.
3. 3Choose Bill late payment charges. A separate draft invoice is created for you to check and send.

Tip: Many people mention the charges in a reminder first and only bill them if payment still doesn't arrive. Our free late payment calculator shows the figures for any invoice.