Actual vs agreed term
+33 days
Your average collection time (DSO) compared with what you agree.
78 actual days − 45 agreed = 33 days
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Collections check.Your numbers, in a minute.
Enter your revenue and your payment terms. You’ll see the cash you have tied up, what it costs to finance, the hours lost chasing invoices and whether you comply with Spain’s Late Payment Act (Law 3/2004). Every figure comes with its formula.
- Nothing is saved or sent
- Every assumption is editable
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Step 1 · Your figures
What’s happening in your business today
Rough averages are fine. Nothing is saved or sent anywhere: everything is calculated in your browser.
Excluding VAT, for the last year.
Actual days, on average.
Agreed payment term.
Assumptions you can change
Enter the rate on your credit line or loan. The 6% is just a starting point (the default Remitide uses in the app), not market data. For reference, the late-payment interest under Spain’s Late Payment Act (Law 3/2004) is the ECB rate plus 8 points, published every half-year in the BOE.
For each one paid late: calls, emails, notes.
Salary and on-costs, or what your hour is worth.
You choose: Remitide doesn’t promise any figure. At most, your 33 days of delay.
Delay beyond the agreed term: 33 days. Working capital tied up: €108,493. Financing cost: €6,510 a year. Plan that fits: Professional.
Remitide collections check · 28 October 2026 · Indicative estimate based on the figures entered.
Step 2 · Your results
Working capital tied up by the delay
€108,493
On average, your customers pay you 33 days later than agreed. That’s your money that, at any given moment, is financing someone else.
Paid in 78 days€256,438 outstanding on average28 late invoices a month
Money outstanding
€256,438
What your customers owe you on any given day, on average. Of that, €108,493 is due to the delay.
€1,200,000 ÷ 365 × 78 days = €256,438
Financing cost of the delay
€6,510 / year
What it costs to finance that working capital at the 6% you entered. It’s an avoidable cost, not lost profit.
€1,200,000 × 6% × 33 days ÷ 365 = €6,510
Time spent chasing payments
9.3 h / month
About €233 a month at €25 an hour. Based on your assumptions, not on anyone’s average.
80 invoices × 35% late × 20 min ÷ 60 = 9.3 h
Spain’s Late Payment Act (Law 3/2004)
Between businesses, the maximum payment term is 60 days
- Agreed term: 45 days. Within the legal maximum (30 days if nothing else is agreed, up to 60 if agreed).
- Actual collection time: 78 days. On average you get paid 18 days over the legal maximum. Every invoice paid after its due date accrues late-payment interest (the ECB rate plus 8 points, Article 7).
- €40 per invoice paid late (Article 8). With 28 late invoices a month, you’re entitled to claim up to €1,120 a month in recovery costs, without having to justify them. It’s a right, not an obligation: whether to claim it is up to you.
Sales to public authorities follow other rules (Spain’s Public Sector Contracts Act, Law 9/2017).
If an invoice isn’t paid
The legal clocks on your average invoice
Your average invoice is €1,250 plus €262.50 VAT (21%). If you issued it today, due in 45 days, and it went unpaid, these would be its deadlines:
Recover the VAT · €262.50 at stake
From to
It opens on 28 April 2027, 6 months after the VAT became due, and the corrective invoice can be issued until 28 April 2028. Meanwhile, claim payment through the courts, a notarial demand or another reliable method such as a burofax: it’s a requirement, together with having the invoice recorded in your books. · Article 80.Four of the Spanish VAT Act (Law 31/2022)
Limitation period for the debt
General reference: (5 years)
General reference: 5 years from the due date, until 12 December 2031. In some cases it’s 3 years (Article 1967 of the Spanish Civil Code), which would be 12 December 2029. It’s interrupted by a burofax, a notarial demand, a court claim, the customer acknowledging the debt or a partial payment; an email reminder may not be enough. · Articles 1964 and 1967 of the Spanish Civil Code
Deduct the loss from your taxes
Deductible at the year end on
On 12 June 2027 it will be 6 months since the due date. If it’s still unpaid, the loss could be deducted in the tax return for 2027 (year end 31 December 2027). · Article 13.1 of the Spanish Corporate Income Tax Act
For guidance only. Indicative deadlines under current Spanish law. Confirm them with your accounting firm (gestoría): Remitide doesn’t file taxes or chase payments on your behalf. Remitide tracks these deadlines invoice by invoice from the Professional plan.
Remitide for your volume
The Professional plan fits you
Up to 1,200 invoices a year; you issue about 960.
a month, excl. VAT€69.99
With a founding company invitation: €41.99 a month, for good. Limited places.
Holded: direct read-only connection. Your provider may require a plan with API access.
Cash released once = €1,200,000 ÷ 365 × 15 days = €49,315
Cost avoided per year = €49,315 × 6% = €2,959
You chose the 15 days. Remitide doesn’t promise any reduction: it reminds your customers from your own email, with your signature, on the right day, and stops as soon as the payment shows up in your software. The money never goes through Remitide.
Step 3 · Check it with your real invoices
Try Remitide free for 14 days, no card needed
Connect your software and you’ll see these figures with your actual invoices. During the trial, every reminder is reviewed before it goes out.
Save or share it
The link carries your figures after the “#”: they never reach our server and aren’t saved.
How it’s calculated
No industry averages, no promises.
Everything comes from what you enter and from assumptions you can see and change. We don’t compare you with “the market” or promise you’ll get paid sooner: we show you where you stand and what cutting the number of days you choose would be worth to you.
- Average collection time (DSO)
- The number of days you take, on average, to get paid after invoicing. If you haven’t worked it out: what’s outstanding today divided by what you invoice in a day.
- Tied-up working capital
- What you invoice in a day multiplied by the days you get paid beyond the agreed term. It’s your money that, on average, is sitting with your customers.
- Financing cost
- That working capital multiplied by the interest rate you enter (from your credit line or loan), on a 365-day basis. It’s an avoidable cost, not lost profit.
- Hours spent chasing
- Invoices paid late each month multiplied by the minutes you spend on each one. You set the minutes and the cost of an hour.
- Spain’s Law 3/2004
- Between businesses, 30 days if no other term is agreed, and never more than 60. Every invoice paid late gives the right to late-payment interest and €40 for recovery costs.
- Legal deadlines for unpaid invoices
- Recovering the VAT (Article 80 of the Spanish VAT Act), the limitation period for the debt and the tax deduction for the loss, calculated on your average invoice. For guidance only.
And with your real invoices?
Remitide connects to your invoicing software, reminds each customer from your own email with your signature, and stops by itself as soon as you’re paid. The money never goes through us. 14 days free, no card needed.