At month end it checks every customer's past-due invoices and posts one late charge invoice per customer. Test mode shows what it would charge before anything is posted.
Odoo 19AccountingCommunity or Enterprise
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mycompany.odoo.com
Accounting
Settings / Late Payment Charges
On
1.50
15
$10.00
30 Days60 Days
On
Finance Charge Income
Late payment charge
Preview charges nowPast runs
1Your rules, in one settings blockRate, grace period, minimum balance, which payment terms count, and the income account it posts to.
mycompany.odoo.com
Accounting
Late Charge Runs / October 2026
64
9
55
$318.42
Customer
Action
Charge
Reason
Maple & Main Boutique
Would charge (test)
$41.25
Harbor Home Goods
Skipped
Customer is exempt
Pine Street Market
Skipped
Below minimum balance
Ridgeway Gifts
Would charge (test)
$18.60
2See every decisionEach run lists who was charged, who would be in test mode, and why anyone was skipped.
mycompany.odoo.com
Accounting
Late Charge Invoices / INV/2026/0912
Register PaymentWaive Late Charge
Maple & Main Boutique
10/31/2026
LC/2026-10/P118
10/31/2026
Description
Amount
Late payment charge (1.5% on past-due invoices) - Oct 2026
$41.25
Late payment charge on 2 past-due invoice(s): INV/2026/0841, INV/2026/0866
3A clean, separate invoiceOne charge invoice per customer per month, listing the past-due invoices it covers. Managers can waive it with a reason.
What it does
Charges a monthly rate on invoices past the grace period, once per customer per month.
Skips customers under your minimum balance, and can subtract unapplied payments and credits first.
Limit it to certain payment terms, like 30 or 60 days.
Exempt a customer, or skip a single invoice.
Managers can "Waive Late Charge" with a reason, which makes a credit note.
Keeps a history of every run, with the reason for each skip.
Good to know
Test mode is on when you install it, so you can preview charges before any are posted.
Charges are always their own invoice, posted on the last day of the month and due right away.
Check your state's rules on finance charges, and put the rate in your payment terms.
