Blog posts

9/13/2023

Maximum Late Fee Laws by State - 2023 Guide

A complete guide to the maximum Late Fee Laws by US State, for all states and territories in the United States. We cover the maximum late fee you are allowed to charge in each state, as well as the grace period you must allow your customers.

Denym Bird

CEO of Paidnice

8/28/2023

Introducing Calendar Events for Invoice due dates

Never Forget an Invoice Payment Again! Have all of your invoice due dates appear on your calendar.

Denym Bird

CEO of Paidnice

8/22/2023

Paidnice Named Xero's Featured App of the Month

Paidnice is thrilled to be named Xero's Featured App of the Month, a recognition that speaks to our strong commitment to the Xero ecosystem.

Denym Bird

CEO of Paidnice

8/14/2023

Introducing SMS Reminders

Elevate your invoice reminders with Paidnice's latest feature - SMS Reminders! Harness the power of a 95% open rate and direct customers straight to their invoices, boosting your accounts receivable efficiency.

Denym Bird

CEO of Paidnice

6/26/2023

Introducing Invoice Reminders

Meet Paidnice's new feature, Invoice Reminders - your personalized tool to manage invoice deadlines effectively. Take control of your payment process with customizable content, timings, and reminder frequencies, now available across all our plans.

Denym Bird

CEO of Paidnice

6/9/2023

Buyers Guide for Accounts Receivable Software (with checklist)

Download our comprehensive checklist FREE, focusing on aspects like functionality, ease-of-use, customizability, integrations, and more. The guide also provides essential questions to ask vendors to ensure you're making a choice that best fits your clients' needs.

Denym Bird

CEO of Paidnice

6/2/2023

Early Payment Discount Terms and Conditions

Early Payment Discount Terms and Conditions template. Copy and customize the template to streamline your invoicing process and enhance your business operations.

Denym Bird

CEO of Paidnice

5/26/2023

Payment Terms and Conditions Templates (That you can copy!)

Ready-to-use payment terms templates for different scenarios. Easily copy and paste these templates, tailored for 7-day, 14-day, 30-day terms and more.

Denym Bird

CEO of Paidnice

5/19/2023

8 Overdue Payment Reminder Email Templates That Work

Master the art of effective communication with our 8 proven overdue payment reminder email templates. Streamline your cash flow and strengthen client relationships with polite and timely reminders.

Denym Bird

CEO of Paidnice

5/12/2023

Medical Practices Guide to Accounts Receivable

Discover the significance of accounts receivable management in medical practices in our comprehensive guide. We explore how AR affects the financial health of a practice, unique challenges in the medical industry, and practical solutions to tackle them.

Denym Bird

CEO of Paidnice

5/5/2023

Small Business Owners Guide to Accounts Receivable

Explore the ins and outs of Accounts Receivable in our comprehensive guide specifically tailored for small businesses. Discover how AR management can impact your cash flow, and learn effective strategies to optimize it, including leveraging technology and legal considerations.

Denym Bird

CEO of Paidnice

4/12/2023

Latechaser is now Paidnice

We are thrilled to announce the rebranding of Latechaser to Paidnice. Learn more about why we've changed our name.

Denym Bird

CEO of Paidnice

11/16/2022

4 Critical Cash Flow Management tips for any business

Cash flow management is an essential aspect of running any business — especially a small business. The tips in this article will help you better understand cash flow management and how it applies to your small business.

Denym Bird

CEO of Paidnice

11/14/2022

What is Accounts Receivable Management?

Accounts receivable management (ARM) is the process of managing accounts receivable to ensure outstanding invoices are collected in a timely manner, as well as identifying and avoiding unnecessary delays in payment.

Denym Bird

CEO of Paidnice

11/9/2022

What is an Accounts Receivable Aging Report?

An accounts receivable aging report is a document that lists all outstanding invoices and shows how long each one has been unpaid. This report can be run for a specific time period, such as the past month or quarter, or it can show all outstanding invoices regardless of when they were issued.

Denym Bird

CEO of Paidnice

10/26/2022

What is an Early Payment Discount?

Early payment discounts are beneficial for both parties involved. The supplier gets paid sooner, which improves their cash flow, and the customer saves money on their purchase.

Denym Bird

CEO of Paidnice

9/26/2022

Late Fee Policy Wording - Examples you can use

Copy and paste, legal clauses and real examples of late fee policies that you can use to implement your Late Fee policies.

Denym Bird

CEO of Paidnice

9/20/2022

What Is Accounts Receivable Software?

Accounts receivable software automates a business’s invoicing, payment and credit management processes. It offers users a collection of tools they can use to manage their finances better.

Denym Bird

CEO of Paidnice

9/12/2022

How Much Can I Charge % For Late Fees?

When determining how much interest you can charge on overdue invoices, keep in mind that the figure you settle on should be fair and reasonable. In this article we outline how much you can, and should charge in The United States, Canada, The United Kingdom, Australia, South Africa and New Zealand.

Denym Bird

CEO of Paidnice

9/6/2022

How Much Can I Charge For Late Fees In Canada?

Businesses in Canada can charge late fees on overdue invoices either as a fixed penalty fee or by adding interest at the average bank rate plus 3%. In this article we explore the finer details on how much you can charge for late fees in Canada.

Denym Bird

CEO of Paidnice

9/1/2022

How Much Can I Charge For Late Fees In South Africa?

Late payment fees are legal throughout South Africa. For the majority of industries, the law doesn’t specifically outline what you are entitled to charge in late fees. In this article we explore how you can legally charge for Late Fees in South Africa.

Denym Bird

CEO of Paidnice

8/29/2022

How Much Can I Charge For Late Fees In Australia?

Businesses in Australia can charge fixed penalty late fees or interest on overdue invoices capped at around 10% annually. We’ll break down how much you can charge in late fees in Australia, and how you can apply them legally.

Denym Bird

CEO of Paidnice

8/15/2022

How Much Can I Charge For Late Fees In New Zealand?

We cover the best practices for charging late fees let’s look at the figures in more detail. How much can you charge? How do you work out the interest fee? What level of overdue late fee is considered “reasonable” in New Zealand?

Denym Bird

CEO of Paidnice

8/1/2022

How Much Can I Charge For Late Fees In Singapore?

With no legal guidelines in place around how much to charge in late fees in Singapore, we’ll offer you advice based on best practices later in this article.

Denym Bird

CEO of Paidnice

7/18/2022

How Much Can I Charge For Late Fees In The United Kingdom?

Businesses in the UK are entitled to charge both fixed penalty fees and interest on overdue invoices at a rate of 8% plus the Bank of England base rate.

Denym Bird

CEO of Paidnice

6/14/2022

New Features: Custom email notifications + more

Introducing custom email notifications, a new dashboard and filtering options for all of your invoices.

Denym Bird

CEO of Paidnice

5/19/2022

New penalty type: Daily Interest Pro-rata (perfect for those in the UK)

This penalty type will take your interest rate and apply it to the outstanding balance. As this is per annum Latechaser will then divide it by 365 (the amount of days in a year) to get a daily interest charge.

Denym Bird

CEO of Paidnice

5/4/2022

New Feature: Introducing Groups and Policies

New features updates enable more customisations with Latechaser. Learn more inside.

Denym Bird

CEO of Paidnice

3/1/2022

New feature: Add interest or late fees onto existing Xero invoices

You can now add interest or late fees (what we call penalties in Late chaser) as new line items on your existing invoices. Here is a little diagram of how…

Denym Bird

CEO of Paidnice