Finocket chases money so you don't have to: reminder sequences on a schedule you control, late fees that add themselves after a grace period, one-tap WhatsApp nudges from the Outstanding screen, and shorter payment terms by default.
Reminder sequences
Every invoice can run a reminder sequence around its due date. The default offsets are −3 / 0 / +3 / +7 / +14 days (a heads-up before it's due, a note on the day, and firmer follow-ups after), and you can change the offsets to suit your clients. The tone escalates as the invoice ages: friendly first, businesslike later. The moment the invoice is paid, all remaining reminders cancel themselves. Every reminder carries the client portal link so the client can pay right from it. If the invoice has a payment schedule, reminders chase the next open installment, not the whole balance.
Automatic late fees
Switch on late fees per invoice and pick a style:
- Percent per month: a monthly percentage on the overdue amount. It never compounds; the fee is always calculated on the original overdue amount, not on earlier fees.
- Flat, once: a single fixed fee added one time after the grace period.
Nothing is charged during the grace period you set, and the fee appears as a clearly labelled line item, never buried in a total. If you invoice US clients, note several states cap late-fee rates; Finocket shows advisory notes, but the setting is yours, so check with your accountant.
The overdue-interest figure on Outstanding
Separate from per-invoice late fees, the Outstanding screen shows the interest accruing on your overdue receivables as a whole. Set an annual rate and Finocket totals what you could reasonably charge across every overdue invoice, using simple (non-compounding) interest on a 365-day basis. It's an advisory figure to inform your follow-ups and your terms. It isn't added to any invoice automatically, so you stay in control of what you actually bill.
Send a payment reminder on WhatsApp
From Outstanding or any invoice, one tap opens WhatsApp with a ready-made reminder carrying the amount, the invoice reference and the portal link. Clients reply to WhatsApp long before they reply to email.
Why Finocket suggests net-7 terms
When you pick payment terms, Finocket nudges you toward net-7 over net-30. Shorter terms keep your invoice near the top of your client's pile, so it tends to be paid sooner.
UPI Autopay on retainers (early access)
For recurring retainers, UPI Autopay is rolling out in early access: your client approves a mandate once, and each cycle's retainer collects itself. Ask for it from Settings → Modules & features.
Access & control
Owners and assistants configure reminders and late fees; an invited accountant sees the settings and Outstanding read-only. Reminders and Outstanding are part of the core invoicing surface, with no separate module toggle.
Related: Estimates & deposits, Client portal & statements, Payments & TDS.