cyberstrider Posted September 6, 2008 Share Posted September 6, 2008 How do people handle late payment charges from within WHMCS? I know that from within Configuration > General Settings > Invoices we can specify a percentage or fixed amoount for th elate payment fee. If I select percentage, how should that be specified? The Late Payment of Commercial Debts Act in the UK currently allows me to charge 13.5% per annum on late payment... plus compensation fees per late payment. So in the percentage section if i specify 13.5% that applies 13.5% immediately after the due date.. so do I specify 1.125%? But then the 1.25% is for a whole month! How do you guys handle this? Also with each overdue invoice over a certain age we charge £40 late payment compensation claim. How can this be implemented into whmcs or is it a manual thing? Having written this, it seems to me the best option may be to have a fixed amount of £40 specified in the late payment charge and then when the daily cron job notifies us of a late payment charge being added, we manuall add another line for the interest after checking with something like http://late-payment-law.co.uk/index.php?file=calculator.page What do you guys think? -DB 0 Quote Link to comment Share on other sites More sharing options...
othellotech Posted September 6, 2008 Share Posted September 6, 2008 I think you need to fund the development of improvements to the late charges At the moment it either charges a set amount or a %age of the invoice total. There is no current "interest" charging done. Having written this, it seems to me the best option may be to have a fixed amount of £40 specified in the late payment charge and then when the daily cron job notifies us of a late payment charge being added, we manuall add another line for the interest after checking You'll annoy people with the invoice, which they'll get sent, and then another later in the day with different amounts, even more confusing if between those two points they pay the invoice ... Leaving WHMCS late-payment off, and writing your own invoice creates for the charge and interest would be simpler 0 Quote Link to comment Share on other sites More sharing options...
dansgalaxy Posted September 6, 2008 Share Posted September 6, 2008 Hmm this is quite interesting actually. At the moment i have the latefee set as 20%, i think it would be nice if late fees had a dual layor thing like tax has on 3.7. Dan 0 Quote Link to comment Share on other sites More sharing options...
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