How to impose a interest/penalty for unpaid invoice due in 30 days

[arif_arafat]

Hi all, i am seeking for advice on how to impose a interest/penalty for late payment invoice. Because now, our ACP are high and we are decided to put a clause of late payment in our proposal/quotations to customer prior signing so that they are aware of it.

Also what is the guideline for interest/penalty charge to customer in Malaysia?

Thank You

[Tut]

@arif_arafat

i am seeking for advice on how to impose a interest/penalty for late payment invoice.

See the Guide: https://www.manager.io/guides/10584.

@arif_arafat

what is the guideline for interest/penalty charge to customer in Malaysia?

That’s outside the scope of this forum. You need to seek local legal or accounting advice.

[arif_arafat]

Thank you Tut.