When to send a professional invoice for late payment?
Once your invoice is past due for a couple of days, it’s time to send an email that’s a bit more firm (but still professional). Think of the letter you receive from your cable company when you forget to pay your bill on time. It kindly requests that you send payment immediately to avoid future interruption of your services.
When is the best time to set up an auto payment?
Usually about 3-4 days before its due. Setting up an automatic pay date is the easiest and safest way to go. You may get a one time reprieve on interest charges if you’re late, but don’t count on it happening again. My auto-payment has been in place for years with never a problem.
When is your big customer wants to pay late?
Today, she says, extending payables is a best practice, and a good way to grow cash mountain. Not coincidentally, according to a 2012 Experian/Moody’s Small Business Credit Index study, severe delinquencies (invoices more than 90 days past due) climbed 11% in the first three quarters of 2011.
What’s the best way to ask for late payments?
Another option is to request a percentage upfront. This depends on your industry and what you’re offering. People pay upfront for products all the time and you’ll also find some who pay 50% upfront for projects. Upfront payment is a great way to offset some of the damage caused by late payments. You have the right to be paid on time.
Once your invoice is past due for a couple of days, it’s time to send an email that’s a bit more firm (but still professional). Think of the letter you receive from your cable company when you forget to pay your bill on time. It kindly requests that you send payment immediately to avoid future interruption of your services.
Another option is to request a percentage upfront. This depends on your industry and what you’re offering. People pay upfront for products all the time and you’ll also find some who pay 50% upfront for projects. Upfront payment is a great way to offset some of the damage caused by late payments. You have the right to be paid on time.
What should I do if my cable company is late on payment?
When the Invoice is a Few Days Late. Once your invoice is past due for a couple of days, it’s time to send an email that’s a bit more firm (but still professional). Think of the letter you receive from your cable company when you forget to pay your bill on time.