Late Fee Calculator
Advertisement — 728x90
Invoice Details
Results
Original Amount$1000.00
Late Fee$7.50
Total Due$1007.50
Late Fee Calculator FAQ
What is a typical late fee?
A typical late fee for freelancers is 1.5% per month on the outstanding balance. Some contracts specify a flat late fee or a percentage per month. Always include late payment terms in your contracts.
Can I charge interest on overdue invoices?
\nYes, but only if your contract or terms specify it. State laws vary on maximum interest rates. Check your local regulations and clearly communicate your late fee policy before starting work. Yes, if your terms state it upfront. For contract language and invoicing best practices, see How to Invoice as a Freelancer.
How do I calculate late fees?
Multiply the overdue amount by the monthly rate, then prorate by days overdue. For example: $1,000 × 1.5% × (15 days / 30) = $7.50 late fee.