Collect late fees for outstanding invoices

🐌 Are your clients consistently slow in paying their invoices?
With Monograph's new late fee feature, you can now set a interest rate-based late fee that will be charged on outstanding balances for any past due invoices.
Here's how it works!
Enable the setting and set your monthly interest rate across all of your firm's projects in app defaults or one-by-one in project details. 
When creating an invoice for a specific service period, Monograph will then calculate late fees on any previous, Past due invoices' outstanding balances using the interest rate set and add to the invoice. Interest rate calculations are based on a standard 30-day month.
You can then view the the fee on the "Additional items" page of the invoice builder and edit as needed to update the text, change the exact amount owed, or delete to give leniency.
Your client will see the fee clearly labeled and be linked to any past due invoice(s) in order to ensure they pay for those invoice(s).