Last day when the invoice must be paid

Last day when the invoice must be paid

Last day when the invoice must be paid

The due date is the last day when the invoice must be paid. It is therefore not enough to pay the invoice via the bank that day,

Klarna, parking companies, debt collection companies, and fast loan companies are all quick to send out extra fees immediately.

but the recipient must have the money in their account that day. This day is the invoice due date when the invoice falls due for payment.

If the invoice is not paid on the day, you are in delay and may be forced to pay both late fees and default interest until the day the invoice is paid. It can even go so far as to end up with a debt collection company

Then you can get a debt collection claim and be forced to pay even more fees. In the worst case, the overdue claim can be sent to the Enforcement Officer.

Below you can read more about the rules for due dates for invoices and what happens.

Due to date invoice rules

Due to date invoice according to law is 30 days unless otherwise agreed. Due to date law? 

There is a law, the Consumer Purchase Act, but it does not control how long the due date should be. It is the seller who decides. 

On the other hand, the Consumer Purchase Act has a regulation regarding a purchase between a buyer and a company. The expiration date must not be before the product itself is delivered.

What applies to due dates and payment terms

Payment terms indicate how many days you as a customer have to pay the sent invoice. 

As a buyer, it depends very much on how many days you have to pay an invoice. Many people use 30 days, while other companies only have 15 or 10 days, to get money in quickly. 

It is important not to think that 30 days is universal but always check carefully on the payment terms and how many days apply.

The due date indicates which date is the last day to pay the invoice in question.

Can you pay the invoice after the due date?

It is important to pay on the due date. Of course, you can pay an invoice after the due date, but it can result in both penalty fees and penalty interest that are regulated by law. 

It is important to keep track of the due date of an invoice so that you know when you can last pay an invoice.

Should you also fail to pay these late fees and not pay the invoice on time, the case can go on to debt collection. There are other fees and costs. Should you fail to pay these amounts as well, it can go as far as the Enforcement Officer.

If you have forgotten to pay, you should always make sure that payment is made immediately, which is always the best thing. 

Then the delay will not be so great, even though it may take up to a banking day before the recipient receives the payment. 

To avoid thinking about the due date, you can pay your debts as soon as the invoice comes home. This way you do not have to think about this as otherwise, you can easily forget about it.

Pay the bill after the due date – what happens?

In most cases, not much happens as most reputable companies that want a good relationship with their customers do not send a reminder until a few days after the due date. 

If you have paid the invoice too late for a few days, there is no danger in most cases if it is about serious companies such as Vattenfall, Telia, Telenor, and others. They want good customer relationships and rarely send reminders right away.

On the other hand, if it is a company that has made penalty fees and default interest part of its business, you can count on receiving a reminder directly with both a reminder fee and default interest. 

Clear invoice due dates are quick to send out a reminder invoice with any default interest if you should be slow to pay. 

But with Klarna extending the due date, you can also get a few extra days, if you are out in good time before the due date. Then you can postpone the payment for another 10 days.

10 days due date on the invoice

Many companies usually use a 10-day due date on the invoice at the first customer contact. 

There are many who think that you can not set such short due dates, but it is free for the seller to set as many days as he wants. 

Many are of the opinion that it is a 30-day due date that applies unless otherwise agreed, but that is not true. 

There is no law that regulates how many days are valid on an invoice. The seller is free to set as many days as he wants as payment terms.

Interest on arrears is based on the day on which the due date falls if it is an agreed due date. If you have not set an agreed due date, default interest is paid only after 30 days.

30 days due date

Many large companies have a habit of putting 30 days as a payment term on the invoice. 

Many people are used to 30 days being valid, even if the seller is allowed to set smaller days. For many invoices, it is 30 days before the due date.

It is important to keep in mind that there is no law that says that it is 30 days that apply but it is entirely up to the seller.

The due date for the reminder

What is the due date on reminder invoices? It depends on the company in question that sends out the reminder. Some companies even choose to send out two reminders, before letting the case go on to debt collection. 

Some companies do not send reminders at all. You do not have to send out a payment reminder before the case goes on to debt collection. However, it is good practice to do so.

Due date red day

What happens to the payment if the due date falls on a red day? What do you do about the due date on the weekend? 

If the due date falls on a public holiday, a Saturday, or a Sunday, the due date is moved to the first non-holiday banking day.

This means that if the due date weekend is on a Saturday, the due date falls on Friday. If the due date is on a Sunday, it will instead be Monday which acts as a new due date.

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