To help you manage overdue invoices more efficiently, Fynlo lets you configure late fee terms that automatically apply additional charges to late payments. Follow the steps below to customize your late fee rules based on your billing policies.
⚙️ Step 1: Navigate to Late Fee Settings
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Go to your Fynlo dashboard.
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In the left-hand navigation menu, click “Settings.”
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Under the Settings section, select “Late Fee Terms.”
➕ Step 2: Add New Late Fee Terms
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Click the “+ New Late Fee” or “Add Late Fee Terms” button.
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Fill out the following fields:
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Late Fee Title: Enter a name (e.g., Late Fee Percentage).
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Fee Type: Choose either Percentage or Flat Fee.
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Fee Value: Input the amount or percentage for the fee.
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Grace Period: Select how many days to wait before applying the fee (e.g., 5 Days).
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Repeat: Choose how often the fee is applied (Once, Daily, Weekly, or Monthly).
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Description: Optionally describe the rule (e.g., Applies to unpaid invoices after a 5-day grace period).
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Click “Save” to apply your new settings.
✅ What Happens Next?
Once saved, your new late fee terms will be applied to any invoice that matches the condition you've defined. The system will automatically calculate and add the fee after the grace period if the invoice remains unpaid.
Need help setting this up? Reach out to us at support@fynloapps.com and we’ll be happy to assist you.