Late fees
Understand how late fee Policies work, and best practices for each.
How to apply the late fee? New or Existing invoiceHow to your penalty to the existing invoice, or a new one
Setting up a 'Daily Interest Pro-rata' late feeLearn the best practices and how it works.
Setting up 'Interest' based late feesHow to set up a interest rate penalty
Setting up 'Fixed' late feeHow to set up a fixed late fee penalty
How to repeat or compound late feesBest practices, and how it works.
Override tax rate with a contacts default tax rateHow to override the tax rate from the mapped fee account, with the one from your Xero contact
Choosing the right Late Fee Policy (Interest)Want to charge an annualised amount? Pick the best one for you
Excluding lines on an invoice based on the account or item of the linesApply late fees on only some lines of an invoice and filter out others lines such as rent.
How to Set Up Admin Fees and Late Fees for UK ComplianceInstructions to follow the UK's Late Commercial Payments: Interest and Debt Recovery rules