Invoice Late Fee Calculator
Work out late fees on overdue invoices. Choose your fee policy, set a grace period, and get the total amount due with a full schedule and the effective annual rate. Ideal for freelancers and small businesses.
Invoice Details
Rs
Results
Days overdue (after grace)
0
Total late fee
Rs 0
Total amount due
Rs 0
Effective annual rate of this policy: 0% (compounded equivalent, for comparison only)
Fee Schedule
| Period | Days in period | Fee for period | Running fee total | Running balance |
|---|
Tip: always write your late fee policy and grace period on the invoice itself so the client agrees to it before payment is due.
Frequently Asked Questions
Is a late fee legal to charge?
In most business contracts, yes, as long as the policy was agreed in writing. Check your local laws and your contract terms for limits.
What is the difference between simple and compound fees?
Simple fees are always charged on the original invoice amount. Compound fees are charged on the growing balance, so they increase faster over time.
How do I use the day-by-day schedule?
For monthly policies the table shows one row per month. For daily policies it shows one row per day, so you can quote an exact fee for any payment date.