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Late Fee
A late fee is a charge added to an invoice when payment is not received by its due date, intended to discourage overdue payments and compensate for delayed cash flow.
A charge added to an invoice when payment is not received by its due date, intended to discourage overdue payments and compensate for delayed cash flow. Late fees are typically a flat amount or a percentage of the invoice total, and should be disclosed in the signed contract or engagement letter before they are enforced.
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About Late Fee
A late fee is a charge added to an invoice when payment is not received by its due date, intended to discourage overdue payments and compensate for delayed cash flow.
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