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  • Do I issue an invoice for late payment interest and compensation?

    You should not issue an invoice for the interest and compensation. Instead you should write to your purchaser informing them that as payment is late, you are now seeking payment for late payment interest and compensation costs.
    Interest accumulates on a daily basis, so the longer the debt remains unpaid, the more interest you (the supplier) are due. If your customer ignores your request for late payment interest and compensation, then you need to contact them again to chase up, explaining that interest is continue to accrue.

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