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 invoice status (sent → viewed → paid) tells you exactly which ones to chase.
How Invco helps
Invco is an AI invoicing assistant that handles overdue invoice and the rest of your billing for you. Design a custom invoice template, then let Claude create and send invoices on it in plain English — with subtotals, tax, and totals calculated automatically and every invoice tracked from sent to paid. Start free with one company.
- Related terms: Late fee, Accounts receivable
Frequently asked questions
What is overdue invoice?
An overdue invoice is one that hasn't been paid by its due date.
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
Let an AI assistant create and send your invoices on a template that looks like your brand. Start free with one company — no credit card required.
Get started — it's free