Reply To: Interest on Sundry Debtors

#20345
Dallas McConnell
Participant

    Wollongong

    Hi Linda,
    Simone is correct, as far as I understand it interest can only be charged to a sundry debtor after Judgment is obtained or unless it is stipulated in terms and conditions of the contract. Here at Wollongong we are rolling out a late payment fee on sundry debtor invoices as of 1st July 2016, which was adopted as part of our fees and charges for 16/17