Interest on Accounts Receivable Invoices

I am wondering if anyone adds interest to outstanding non-folio AR invoices?


  • In Revelstoke we add interest to unpaid AR invoices (trade AR). I believe it is 1% per month.

  • I like that idea, do you have it in a Bylaw Sheanna?

  • We charge 1.5% per month and it is in our Fees and Charges Bylaw.

  • From The District of Summerland Fees & Charges Bylaw.

    To charge interest, compounded monthly on overdue accounts,
    Interest per month 2%

  • The City of Campbell River is looking at adding an AR Interest Fee to our Miscellaneous Fees and Charges Bylaw. Curious to know what rate some other municipalities are charging?

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