Set your deposit, interest and cancellation policies
You’ll finish with: The ground rules for every job, written once and applied automatically.
← All help articles- Open Settings → Policies.
This is where deposit caps, interest and payment stages live.
In the app: Open Policies
- Set your Deposit cap % and tick “Require a deposit before work starts”.
This cap is your own figure: the builder warns when a deposit goes above it. Deposit caps set by law differ by state, job size and kind of work, and some places set none. The builder checks your state’s law separately. Neither one changes the deposit you set.
- Tick “Payment stages on every new quote” if you bill in stages, not just a deposit and then the rest.
Set each stage’s share and when it falls due. Your first stage is the deposit, and each later stage is requested with a progress claim from the job.
- Tick “Charge interest on overdue invoices” if you want it, and set the Annual interest rate %.
Sumitt only works out interest if the accepted quote carried your Interest clause wording. It’s never invented after the fact.
- Write your Cancellation policy and Variation policy in plain English.
These show up on the quote the client actually signs, not just buried in a contract nobody reads.
Worked examples on this page use a concreting job. Signed in, the same article uses examples from your own trade.