Invoicing glossary
Overdue invoice
An overdue invoice is one that hasn't been paid by its due date.
Overdue invoice: a clear definition
Overdue invoices tie up cash and need following up. A clear due date, a polite reminder a few days before and after, and a stated late-fee policy all reduce how many invoices go overdue. Tracking each invoice’s status (draft → sent → paid, with overdue ones flagged) tells you exactly which ones to chase.
Overdue invoice in Invco
When a sent invoice passes its due date without being marked paid, Invco sets it to Overdue automatically and includes it in the dashboard's overdue total. Invco doesn't send reminders, so you decide when and how to follow up.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, and Invco calculates subtotals, tax and totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Plans from $10/month.
Frequently asked questions
What is overdue invoice?
An overdue invoice is one that hasn't been paid by its due date.
How does Invco handle overdue invoices?
When a sent invoice passes its due date without being marked paid, Invco sets it to Overdue automatically and includes it in the dashboard's overdue total. Invco doesn't send reminders, so you decide when and how to follow up.
What is late fee?
A late fee is an extra charge added to an invoice when it isn't paid by the due date.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
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