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Charging Interest on Overdue Invoices

  • Aug 19, 2026
  • Knowledge

How To
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Learn how to create late fees for overdue invoices which can be invoiced to your clients. 

  • Desktop
  • Web
  • Accounting Plus
 
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If you would like a particular invoice not to appear in the Overdue Invoices window, open the relevant matter and select Matter Details > Accounting > tick Do not create overdue invoices for this matter.

  1. Click the LEAP Menu > Accounting > under Operating Accounting > Overdue Invoices.

    The Overdue Invoices window will open.

  2. Select an Invoice Filter:

    • <All> - displays all overdue invoices.
    • Overdue invoices with interest - displays overdue invoices which can have interest applied to the overdue balance.
    • Overdue invoices without interest - displays overdue invoices which have already had interest applied against the outstanding balance within the current month. 
 
Click to edit heading

 You're able to apply interest to an outstanding invoice once a month.

  1. Select a status for the late fee invoices from the drop-down i.e. Draft - Unapproved, Draft - Approved or Final - Printed/Sent.

  2. The default interest rate will display in the Interest Rate field. You can override the default fee by entering the interest rate.

 
Click to edit heading

It's possible to change the default interest rate. See Application Settings - Invoice > General to find out how.

  1. Tick the Print checkbox print the invoices after creation.

  2. You can set a minimum interest amount. No late fees will be applied to balances which attract interest less than the specified amount.

  3. Make your selection for which invoices you wish to apply late fees against by either ticking the individual invoices.

 
Click to edit heading

If you wish to select all the listed invoices so that you can charge the same amount of interest to all the overdue invoices at once, click User-added image at the top of the table then choose Select All.

User-added image

  1. Click Save & Close.

 
Click to edit heading

If you would like a particular invoice not to appear in the Overdue Invoices window, open the relevant matter via LEAP Desktop and select Matter Details > Accounting > tick Do not create overdue invoices for this matter.

  1. Click  > Accounting > under Operating Accounting > Overdue Invoices.

    The Overdue Invoices window will open in Accounting Plus.

  2. From the Invoice filters options, click Select from and choose:

    • <All> - displays all overdue invoices.
    • Overdue invoices with interest - displays overdue invoices that can have interest applied to the overdue balance.
    • Overdue invoices without interest - displays overdue invoices that have already had interest applied against the outstanding balance within the current month. 
     
    Click to edit heading

     You're able to apply interest to an outstanding invoice once a month.

  3. Click the  icon to select an At date.

  4. Enter an amount in the 'Do not apply fee if interest less than' field to avoid charging interest on minimum amounts. No late fees will be applied to balances that accrue interest at a rate below the specified amount.

     
    Click to edit heading

    Click Clear filters to reset all of the above filters to default.

  1. From the Settings options the Batch no. will be assigned automatically. 

    Click  to view the Batch details including: 

    • Date
    • Created By
    • Memo
 
Click to edit heading

Untick the Auto tickbox to enter a custom memo. 

  1. Select a status for the late fee invoices from the Set status drop-down:

    • Draft - Unapproved
    • Draft - Approved
    • Final - Printed/Sent

  2. The default interest rate will display in the Interest rate field. You can override the default fee by entering the interest rate.

  3. Select the Last overdue invoice run date as necessary.

 
Click to edit heading

It's possible to change the default interest rate. See Application Settings - Invoice > General to find out how.

  1. Tick the Print checkbox to print the invoices after creation.

  2. Make your selection for which invoices you wish to apply late fees against by either ticking the individual invoices.

 
Click to edit heading

If you wish to select all the listed invoices so that you can charge the same amount of interest to all the overdue invoices at once, click the checkbox next to Matter no. at the top of the column.

  1. Click Create late fees.

Within LEAP Accounting Plus, select the Invoicing tab:

  1. Click Overdue invoices from the list.

    A list of Invoices will appear on the screen. Use the  buttons to sort/group and hide the columns of your Invoices list.

  2. From the Invoice filters options, click Select from and choose:

    • All - displays all overdue invoices.
    • Overdue invoices with interest - displays overdue invoices that can have interest applied to the overdue balance.
    • Overdue invoices without interest - displays overdue invoices that have already had interest applied against the outstanding balance within the current month. 
     
    Click to edit heading

     You're able to apply interest to an outstanding invoice once a month.

  3. Click the  icon to select an At date.

  4. Enter an amount in the 'Do not apply fee if interest less than' field to avoid charging interest on minimum amounts. No late fees will be applied to balances that accrue interest at a rate below the specified amount.

     
    Click to edit heading

    Click Clear filters to reset all of the above filters to default.

  5. From the Settings options the Batch no. will be assigned automatically. 

    Click  to view the Batch details including: 

    • Date
    • Created By
    • Memo
     
    Click to edit heading

    Untick the Auto tickbox to enter a custom memo. 

  6. Select a status for the late fee invoices from the Set status drop-down:

    • Draft - Unapproved
    • Draft - Approved
    • Final - Printed/Sent

  7. The default interest rate will display in the Interest rate field. You can override the default fee by entering the interest rate.

  8. Select the Last overdue invoice run date as necessary.

  9. Tick the Print checkbox to print the invoices after creation.

  10. Make your selection of which invoices you wish to apply late fees to by ticking the individual invoices.

     
    Click to edit heading

    If you wish to select all the listed invoices so that you can charge the same amount of interest to all the overdue invoices at once, click the checkbox next to Matter no. at the top of the column.

  11. Click Create late fees.

Last Modified Date
8/19/2026 9:11 PM
Title
Charging Interest on Overdue Invoices
URL Name
Charge-interest-on-overdue-invoices

Operating Accounting
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Charging Interest on Overdue Invoices