Do late invoices cost anything if they are eventually paid?

Yes. Money tied up for 60 days cannot pay suppliers, wages or stock, and may force delays or borrowing. This calculator puts a number on that cost.

How can I reduce late payments?

Send invoices as soon as work is complete, state clear due dates and automate reminders. An invoicing system handles all three without relying on memory.

Late Invoice Cost Calculator · Digitalize Plus

Current outstanding invoice amount (RM)

Combine all invoices that have passed the deadline.

Average day late45 days

Annual opportunity cost8%

The interest rate on your OD or loan, or the return that money should generate. You set it yourself.

Fill in the outstanding amount to see the result of the calculation.

Three fixes that reduce late invoices the most: invoices sent immediately after work is completed, clear due dates on each invoice, and automatic follow-up reminders that go out without you feeling embarrassed. The invoice system does all three.

Common questions

Free scoping. Quick replies during office hours.

The payment reminder can go out on its own.

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