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Fee Chaser with Late Payment Interest
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Fee Chaser with Late Payment Interest

Chases unpaid fees on a schedule and, for business clients, works out the statutory interest and compensation you are entitled to

£29.00

How you’ll receive this product

Available to download as soon as your payment is confirmed

This is delivered digitally. As soon as your payment is confirmed you will get a private link to your files on your order page. Keep the link to that page — it is where your purchase lives.


You receive

  • Fee Chaser with Late Payment Interest — fee-chaser-late-interest.zip

  • Secure Stripe checkout — we never see your card details
  • Your files appear on your order page the moment payment clears

About this product

Accountants are owed money too, and most never claim the interest the law allows on a late business invoice. This chases your fees and puts the figures in front of the client.

You keep one row per invoice. It sends a polite note three days before the due date, another on the day, then chases at 7, 14 and 30 days overdue. For a business client, the second and final chases state the interest they owe under the Late Payment of Commercial Debts (Interest) Act 1998: 8% over the Bank of England reference rate - 11.75% from July to December 2026 - worked out to the day, plus the fixed compensation the Act allows: £40 on a debt under £1,000, £70 up to £9,999.99, and £100 above. A column on the sheet shows the interest to date on every overdue business invoice, every morning.

Interest is only ever added where you put YES in 'Business client' - it cannot be claimed from someone acting privately, and a blank is treated as no. If your engagement letter sets its own rate, put that in and it is used instead.

The reference rate is a setting. It changes each January and July, and the Settings tab says where to check it.

Features

  • Chases before, on and after the due date, at intervals you choose
  • Statutory interest at 8% over the reference rate, worked out to the day and to the penny
  • Fixed compensation of £40, £70 or £100 by size of debt
  • Only for business clients you mark YES - never assumed
  • Your own contract rate, if your engagement letter sets one
  • An 'Interest to date' column kept current every morning
  • Every message is recorded against the client, the deadline and its date, so nothing is sent twice and next quarter's reminders are new ones
  • Starts in test mode - everything comes to you until you say otherwise
  • Warns you when a deadline lands on a weekend or bank holiday, and names the working day before
  • The wording lives on a tab in the sheet, so you change it without touching code
  • Runs inside your own Google account. No client data is sent to us or to anyone else

Product questions

No. It works out the deadlines and sends reminders. It does not submit anything to HMRC or Companies House - you or your clients still do that.

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