Late Fee Invoice Template

Late Fee Invoice Template for Singapore

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Key Requirements PROMPT example:

I need a Late Fee Invoice Template for my Singapore-based software company to claim overdue payments from enterprise clients, including a 2% monthly interest rate and GST calculations.

Document background

The Late Fee Invoice Template is designed for businesses operating in Singapore who need to formally request payment of late fees and interest on overdue accounts. This document becomes necessary when original invoice payments are delayed beyond agreed terms, allowing businesses to claim statutory interest and reasonable recovery costs under Singapore law. The template ensures compliance with local regulations while providing a professional and systematic approach to late payment collection, incorporating all necessary elements such as GST considerations, fair trading requirements, and data protection obligations.

Suggested Sections

1. Invoice Header: Company details, invoice number, date, and 'LATE FEE INVOICE' clearly marked

2. Customer Information: Recipient's complete billing details including name, address, and reference numbers

3. Original Invoice Reference: Details of the unpaid invoice including original invoice number, date, and amount

4. Late Fee Calculation: Detailed breakdown of late fees and interest calculations with applicable rates

5. Payment Instructions: Clear payment terms, due date, and acceptable payment methods

Optional Sections

1. Payment History: Record of previous payment attempts and communications, used when multiple follow-ups exist

2. GST Breakdown: Detailed GST calculations and charges, required when GST is applicable

3. Collection Warning: Legal notice regarding potential collection actions, included when escalating to collections

Suggested Schedules

1. Original Invoice Copy: Attachment of the original unpaid invoice as reference

2. Payment History Log: Detailed chronological record of payment communications and attempts

3. Interest Calculation Schedule: Detailed mathematical breakdown of interest charges and late fees

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Let's create your Late Fee Invoice

Authors

Alex Denne

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