I have heard some use base rate + a persentage to be added for late payment
Allen 

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Michael Madigan
Sent: 03 December 2007 20:17
To: [EMAIL PROTECTED]
Subject: [NF] Late fees

Has anyone instituted late fees in their billing?  Is there a magic number
that works? I can charge interest, but that doesn't assure promptness.

My girlfriend, who teaches piano, is also having the same problem.  People
are supposed to pay by the first of the month.  A lot of times she'll
receive it days, if not weeks late.

Her monthly bills can range from $300 down to $120 depending on length of
lesson and how many lessons they get in that particular month.

What do you think?


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