5/30/2023 0 Comments Past due invoices![]() Once you’ve done this, you can start to chase using informal tactics such as calling or emailing to remind the customer that payment is overdue. ![]() You should also ensure that the invoice was definitely received by the appropriate person or department. Therefore this is something you should check yourself. Bear in mind that customers won’t necessarily inform you if they’re not paying because there was an issue with your invoice. The fact is, if you have supplied the products or services as agreed, you should be paid.īefore you start chasing, make sure that you supplied the invoice correctly. However, you shouldn’t let this deter you from chasing payments in a polite but firm manner. How to ask for invoice paymentĪs a small business owner, freelancer or contractor, the relationships you have with your customers are likely to be extremely important to you. ![]() If you don’t agree a payment date when you create an invoice, the payment is legally deemed to be late from 30 days after either the customer receives the invoice or you provide goods or service (if this is later). If you specify a payment date, it must usually be no more than 30 days for public bodies and 60 days for private companies. Unless otherwise specified, payment terms for both public and private sector payees are 30 days. So what rights do you have when it comes to claiming money from your clients for the products or services you have provided? In this guide, we explain how payment terms work and offer our opinion on how to make sure you get the money you’re owed. Highlighting this fact, a survey carried out earlier this year by the Federation of Small Businesses revealed that nearly one in 10 businesses polled (8%) claimed that late payment was threatening their viability. ![]()
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