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Calculate late payment penalties


Calul des pénalités de retard
Principles of late payment penalties:

  • They are due the day following the due date of the invoice. They are mandatory in countries belonging to European Community.
  • It is not necessary to charge them.
  • The standard interest rate depends on country's inflation. It should be sufficiently high to induce the customer to pay on time. I recommend to apply a minimum rate of 12%.
  • They must be mentioned on the invoices and on the sales terms and conditions.
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Interest rate per annum* : %

Invoice amount 1 :    Due date :

Invoice amount 2 :    Due date :

Invoice amount 3 :    Due date :

Invoice amount 4 :    Due date :

Invoice amount 5 :    Due date :

Late penalities amount




Connexions with other tools
Use the Excel tool for calculating late payment penalties on many bills.