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Advanced late payment interest calculator

The fully featured version of the late payment interest calculator is now available for use so we thought we would give you an insight into its capabilities. We wanted to create something that would do all of the hard work for you allowing you to concentrate running your business. The calculator is quick and easy to use and automatically generate claims that can be emailed and printed.

Features such as automatic daily updating of interest owed, time limited discount to promote quicker payment and recalculating total amount owed after a partial payments are built in to save you time and money. The debtor can view the claim online and choose a method of payment (BACS, cheque or faster payment service) and the final amount will recalculate to make sure that they pay the exact amount owed. The screen shots below show some of the features. 

main-menu Client address book

Calculate one debt Calculator result

Calculation history

Add a partial payment

 
 Features Basic Calculator  Standard Calculator Advanced Calculator
Cost  Free £7.00 pa + VAT Various options
Easy calculation interface

tick

tick Yes
Basic breakdown of interest and compensation

tick

 No

No 

Detailed breakdown of calculation  No

tick

tick 

Retrospective and future calculations

No 

tick

 tick
Print calculation

No 

Yes

Yes

Email calculation

No 

No 

Yes 

Set up your company address details  No cross Yes
Debtor address book

  No

No Yes
Input debtor address   No No Yes
Autofill from address book

  No

No Yes
Input debtor purchase order, job description & invoice No   No No Yes
Full breakdown of calculation results

  No

No Yes
Add time limited discount for prompt payment

  No

No Yes
Save calculation to history

  No

No Yes
Unpaid invoices re-calculate every day

  No

No Yes
Auto generated late payment demand for email/print

  No

No Yes
Auto generated Partial payment for email/print

  No

No Yes
Auto generated final payment for email/print

 No

No Yes
Partial payments are re-calculated   No No Yes
Non payment of interest & compensation continue to
accrue interest on a daily basis. 

  No

No Yes
View all calculations in history by date or by debtor

  No

No Yes
Edit and save calculation from history

  No

No Yes
Control debt status (unpaid/paid)

  No

No Yes
Debtor can login to view creditor & claim details   No No Yes
Debtor can choose payment method & see final amount owed   No No Yes
 
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