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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

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