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Late Payment Calculations
Can free agent automatically calculate intrest and compensation for late payment of invoices and add this to an invoice. Also are there any standard /template letters for notifying clients of action.
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Steve,
No, we can't do that automatically yet. Sounds useful, though, we'll look into it.
(you could always rescind the invoice and add on an additional late payment charge invoice item, zero-vat-rated, as long as no payment has been allocated and the vat period has not been locked...) -
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Any update on this? This is the single feature that is keeping me from signing up.
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I too would be interested in such a feature but I'd rather it appears as a discount for early payment. It's sounds more pleasant to reward a client for paying on time rather than penalising them for late payment.
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This feature would really help to encourage clients to pay on time and, if done well, will certainly attract a lot of new customers to FreeAgent, I'm sure.
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Any news on a feature like this? The feature request is three years old now and I know that you aren't obliged to consider it but this is what your customers are asking for and it can't be too difficult to work into a dashboard of some description?
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