Flows ERPPenalty interestcalculated every day
Penalty interest on late payments is calculated daily, by the rules on that contract.
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01
Rules set once, on the contract
Set the penalty terms when you create the contract, such as the rate, grace days, and so on. Different customers can have different rules, because the rules are set per contract.
- Rate & rules per contract
- Grace days you set
- No penalty? Just leave it off
- Terms visible to the whole team
Contract SC-2026-041 · Bangkok Trading
@Somchai please follow up period 3
Logged on the contract · visible to the team
02
Calculated daily — see today's amount and past amounts
From the day a sales contract goes overdue, the system adds each day's interest. You can see the latest penalty for every contract, and look back at past amounts — for example, what a customer's penalty was last week.
- Calculated daily, automatically
- Latest penalty per contract
- Look back at past amounts
- Export to Excel
Collection record — TCH Motors
Penalty accrued
฿69,820
Daily at 15% p.a. · 43 days overdue
03
Collected, or reduced — always on record
When the customer pays the penalty, record it and the balance goes down automatically. You can also reduce or waive penalty interest, and the reason for each reduction is recorded.
- Penalty payments recorded
- Payable by cheque
- Reductions with reasons
- Every change logged
Cheques — received & issued
Bound to contract SC-041 · periods 3–5
Cheque received · KBank · ฿416,600
Inside the module
Real screens from Flows ERP — what your team will actually work in.
Current penalty amounts
Every overdue contract with its current penalty amount.
Penalty history per period
How the penalty built up day by day for one period.
Why Flows
What makes Flows different
Not another generic ERP — a system built around how Thai SMEs actually buy, sell, and collect.
See how onboarding works →Priced per company, not per seat
One annual price, every module included. Add users freely within your tier — no feature gates, no seat fees.
Three languages with auto-translation
Thai, English & Chinese UI — and the data your team enters is translated automatically, so everyone reads the same records.
Your documents, exactly your format
Send us your invoice and receipt templates; our team configures them into Flows. Every document comes out looking like yours.
We walk you live — and stay
Five-step onboarding at no extra cost, then quarterly system stability reports. We don't disappear after go-live.
Spec sheet
What the penalty-interest module includes — in every plan.
Configuration
Penalty rate, grace days, and other settings
Grace days
Set how many days pass before penalty starts
Calculation
Automatic, daily, from the overdue date
Current & past
Latest and past penalty interest amounts
Reductions
Agreed reductions recorded with reasons
Cheques
Penalty payable by cheque
Logs
Every change logged — who, what, when
Export
Amounts and history exportable to Excel
Frequently asked questions
What is penalty interest?
Penalty interest is extra interest a customer owes for paying after the due date, to make up for the delay. In Flows, it's calculated from the rules you set on each contract.
How does Flows calculate penalty interest?
It follows each contract's settings, such as the rate and grace days. From the overdue date, Flows adds to the amount daily, and you can see both the latest total and the day-by-day history.
Can we see what the penalty was on an earlier date?
Besides the latest amount, you can look back at the penalty on any earlier date. For example, you can check what a customer owed in penalty interest last week.
Can we reduce the penalty after negotiating?
You can record a reduction with its amount and reason, and the balance is adjusted right away. Every change is logged, so you can always see what was agreed.
What if we don't charge penalty interest at all?
Then you simply don't set up penalty rules on your contracts. Contracts without penalty rules never add any penalty interest.
Know exactly what late payments cost you.
Start a free one-month trial, or book a demo and see penalty interest calculated on a real overdue case.