Question about late fees on overdue bills

A client took six months to pay. I kept sending invoices. No money came. Then I put a late fee on the bill. Only 5% after one month. They paid right away. Now I do this with all slow payers. My wait time is way down.

4 comments

4 Comments

tara_dixon1mo ago

Wow, funny how money talks when you finally charge it for being late.

max71617d ago

Wait, you weren't charging a late fee before?

adam1861mo ago

Try putting the late fee right in your first contract. Makes it super clear upfront and cuts down on the back and forth later.

sarah_davis1mo agoMost Upvoted

That "super clear upfront" idea is spot on! I added a late fee clause from the start and it totally changed the game for me.