💰 Pricing Calculator

🎯 Key Takeaways

Automate your invoice collection to save time and reduce stress
Set clear payment terms and late fees in every contract
Follow up professionally and consistently on overdue payments
Use tools like PingPaid to handle follow-ups automatically

Calculate your rate · Factor in expenses · Add profit margin

Most freelancers undercharge. This calculator helps you price for profit, not just survival.

Annual Target Income ($)

Billable Hours per Week

🚀 Automate Your Invoice Collection

Stop chasing payments. PingPaid automates the entire invoice collection process with 8-stage email escalation, late fee calculation, and legal demand letters.

Start 21-Day Free Trial →

Try the Free Late Fee Calculator →

📚 Learn More

❓ Frequently Asked Questions

What is the best way to handle late payments?

The best approach is automated invoice collection with clear payment terms, gentle reminders, and professional follow-up sequences. Tools like PingPaid can automate this entire process for you.

How do I calculate late fees on invoices?

Late fees are typically calculated as a percentage of the overdue amount (usually 1-2% per month). You can use our free late fee calculator or let PingPaid handle calculations automatically based on your configured terms.

What should I include in a freelance contract?

A solid freelance contract should include: payment terms, late fee clauses, scope of work, revision limits, kill fees, and intellectual property rights. PingPaid offers free contract templates in our template library.

📅 Last updated: June 2026