Charging interest for late accounts


#1

I’m curious if anyone has implemented a policy of charging interest when your clients are late to pay.

Please let me know if you have considered this, and if you’ve implemented it how that has worked out!


#2

Hi Doug,
I include a couple of sentences in their invoice about the interest rate and their due date. Then I email them couple of times reminding them about their payment due if it hasn’t been paid already. After that I will charge them a certain percentage.


#3

Have thought about it but, honestly, it’s too much to manage it. I keep cc numbers on file. Most people have no problem with it. Still have a few who don’t but they usually pay in a timely fashion.