Billing & Subscriptions2 min read
How to apply automatic late fees to overdue invoices
Set a percentage or fixed late fee that applies automatically after the due date.
Overview
Late fees incentivize on-time payment and compensate you for the cash flow impact of late payments. Nobevra can apply them automatically.
Configuring late fees
Go to Settings > Invoices > Late Fees:
- 1Enable "Automatic Late Fees".
- 2Choose the fee type: Percentage (e.g., 1.5% per month) or Fixed Amount (e.g., $50 flat fee).
- 3Set the grace period: the number of days after the due date before the fee kicks in (e.g., 5 days).
- 4Click "Save".
Important
Late fee laws vary by country and state. Before enabling late fees, verify that your jurisdiction allows them and check the maximum legal rate. Always disclose late fee terms in your contract and on the invoice.
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