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. 

Features	Basic Calculator	Standard Calculator	Advanced Calculator
Cost	Free	£7.00 pa + VAT	Various options
Easy calculation interface
Basic breakdown of interest and compensation
Detailed breakdown of calculation
Retrospective and future calculations
Print calculation
Email calculation
Set up your company address details
Debtor address book
Input debtor address
Autofill from address book
Input debtor purchase order, job description & invoice No
Full breakdown of calculation results
Add time limited discount for prompt payment
Save calculation to history
Unpaid invoices re-calculate every day
Auto generated late payment demand for email/print
Auto generated Partial payment for email/print
Auto generated final payment for email/print
Partial payments are re-calculated
Non payment of interest & compensation continue to accrue interest on a daily basis.
View all calculations in history by date or by debtor
Edit and save calculation from history
Control debt status (unpaid/paid)
Debtor can login to view creditor & claim details
Debtor can choose payment method & see final amount owed