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Late fee charges?

Discussion in 'Business Operations' started by JClawncare, Apr 25, 2006.

  1. JClawncare

    JClawncare LawnSite Member
    Messages: 72

    How do you handle late fee?
    Do you charge a percentage 10%.15%,20% etc.?
    or
    Do you charge a flat fee $10,$20,$30 etc.?

    What do you charge and after how many days?
     
  2. Precision

    Precision LawnSite Silver Member
    Messages: 2,995

    each state is different on what is legal
    Here, in Florida (as in many states it is 18% annually max) I charge 5% out of the gate at 14 days then 1% compounded each 30 days after that.
     

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