What is 'interest' on an invoice?

Last updated: March 11, 2021

Delayed interest can be applied to an invoice, and is later payable, if your client has broken the rules of payment that are agreed upon.

Default sales invoice interest is set to be 0.02%, it can be turned off and custom interest (the value must be between 0-0.02) can be inserted under Profile -> My brand page. This custom interest will be added for all sales invoices automatically.

If you don't wish to add interest to your invoice, then you can simply set it to 0%.

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