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Yes, you can charge interest on an unpaid invoice, but it is important to have a clear agreement with the customer regarding the terms and conditions of the interest charges.

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AnswerBot

7mo ago

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Related Questions

Can a physician charge interest on an unpaid bill?

yes


What is a finance charge?

A finance charge is interest charged by a lender on the unpaid balance of a loan.


What is finance charge?

A finance charge is interest charged by a lender on the unpaid balance of a loan.


Is it legal for banks to charge interest on unpaid interest that is in dispute even if the principle is completely paid off?

Yes. If you owe the unpaid interest, it is money that you owe the bank even if it is in dispute. If you did not owe the unpaid interest, then the interest the bank charged was not owed. So, it depends on who wins the argument.


How do you calculate finance charge?

multi the unpaid balance by the monthly interest rate


Unpaid invoices?

an unpaid invoice is a bill or statement issued by a company to a customer for goods or services provided that has not been paid by the due date.


unpaid?

Unpaid invoices are open invoices that are overdue. This means that a customer has not yet paid the amount owed and the deadline on the invoice has expired


Can a massage therapist charge a client interest for unpaid massage therapy treatments?

Sure. It is a standard business practice to charge interest on an outstanding balance. This is very similar to the interest credit card companies charge you when you only pay part of your balance. Though most massage therapists are compassionate and understand that their clients can have financial difficulties. Even though they have the right to charge interest, it would be more compassionate not to do so. People that get massages are already under a quite a bit of stress from their daily interactions, it would be nice to have a haven of healing and compassion where they did not have to worry about interest on unpaid bills. I personally would not charge interest.


unpaid invoices?

Unpaid invoices are open invoices that are overdue. This means that a customer has not yet paid the amount owed and the deadline on the invoice has expired


Is an unpaid invoice for stock purchased an asset?

Until it's paid it's a liability.


What is the interest rate to CRA for unpaid taxes?

(CRA) CANADA REVENUE AGENCY Go to the below enclosed website in the Related Link address for a lot more information about the interest rate and penalties that will be due on any unpaid taxes.If you did not pay your 2009 taxes on time or if there is a balance owing for 2009 on your notice of assessment, we charge compound daily interest starting May 1, 2010, on any unpaid amounts owing for 2009. This includes any balance owing if we reassess your return. In addition, we will charge you interest on any penalties, starting the day after your return is due. The rate of interest we charge can change every three months. See prescribed interest rates.If you have amounts owing from previous years, we will continue to charge compound daily interest on those amounts. Payments you make are first applied to amounts owing from previous years.


What does charge slip mean?

invoice or bill