Late payment cost calculator
Slow-paying customers don't just delay your money, they tie it up. Enter your numbers to see how much cash is stuck in late invoices, and what it costs you.
How it's worked out
Your average daily sales (monthly invoicing x 12 / 365) times the days customers pay late beyond your terms gives the cash tied up by late payment. Multiplying by your borrowing rate gives what covering that gap costs a year. To find how long customers take to pay, see days sales outstanding (DSO).
Getting paid sooner
The fastest lever is noticing late invoices on day one instead of at month end. CashWatchdog checks your QuickBooks Online company every morning and emails you the invoices that just went past due. Pair it with our free reminder templates.