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January 2024

Late fee: Automatically Add Charges to Overdue Invoices

Qount makes late fee management effortless. Set rules, customize charges, and apply fees automatically—improving cash flow and keeping your books accurate.

Late fee

What it does for your firm

Chasing overdue invoices is frustrating and time-consuming. Qount makes it easier by letting firms set up automatic late fees that apply when invoices go unpaid past their due dates.

 

Why it matters

Firms save time, reduce awkward collections conversations, and encourage faster client payments, while clients get full visibility into charges and deadline.

 

How it works

  • Flexible Rules – Define when fees should apply (e.g., 30, 45, or 60 days after the due date).
  • Customizable Charges – Choose a flat fee or a percentage of the invoice amount.
  • Automatic Updates – Qount monitors invoices and adds late fees automatically oncean invoice becomes past due.
  • Client Reminders – Clients are notified with updated invoices  including the late fee, keeping communication clear and professional.
  • QBO/Xero Sync – Late fee adjustments are synced to your accounting system to keep books accurate.

 

Making late fee management effortless since: 01/20/2024

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