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Billing

Late fees

You can assess late fees when clients don't pay their bills on time. Onvio lets you set up multiple late fees with various attributes, designate 1 late fee as the default for new clients, and assign specific late fees to existing clients.
To add or modify a late fee, choose
Setup
Late Fees
.
To designate a default late fee for new clients, choose
Setup
Firm
Time and Billing
 tab.
To assign a specific late fee to an existing client, choose
Setup
Clients
, open a client, and select the
Billing
 tab.
For each late fee, you can specify the following criteria:
  • Name (required)
  • Annual Rate
  • Whether to round amounts
  • Whether to compound fees
  • The number of grace days before a fee is assessed
  • The date from which to calculate the fee once grace days have expired
  • The minimum balance that can incur a late fee
  • The minimum charge to be assessed
  • The maximum charge to be assessed
A blue icon in the
Amount
 field indicates when a late fee amount has been overridden.

This article applies to:

  • PRODUCT: Onvio
  • Subject: Billing
  • Audiences: Staff