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Collection Rate Calculator

Calculate Your Collection Rate

Count how many of the invoices sent last month are now fully paid. Use the same group of invoices for both inputs. The starting 100 and 70 are examples, not an industry benchmark.

Your Collection Rate
70.0%
Share of that invoice group fully paid. This counts invoices, not the percentage of dollars recovered.
Still Outstanding
30
Invoices not yet fully paid. Some may have partial payments or may not yet be overdue.

Have an overdue invoice to follow up?

Start with one agreed, unpaid invoice. Add the invoice, review its details and message, then decide whether to approve follow-up. Nothing is sent from this calculator.

Prepare my free follow-up

Free forever for your business. No RemitRight subscription or collection commission. Standard card processing fees apply to card payments. You can start invoice review as a guest; an account and payment setup are required before customer outreach.

Create a free demand letter instead

An editable letter to send in your business’s name. No account or payment setup needed.

What RemitRight does with the outstanding ones

You add the overdue invoice. RemitRight texts the customer, answers their questions, and offers to split the balance into 3 or 5 automatic monthly payments through Stripe. The money goes to your own Stripe account.

There is no RemitRight business subscription or collection commission. Standard card processing applies to successful payments. A customer choosing installments pays a separate 3% total fee for three months or 5% total fee for five months. Full payment has no RemitRight plan fee.

Review the invoice, contact basis and message before starting customer outreach. RemitRight operates in Canada only.