![]() Having a system for following up on late payments can help you keep calm. When your nerves are already high, you don’t want to feel lost about what to do next. Having “the conversation” about past-due payments is enough to have you chewing your nails and wiping your sweaty palms on your pants. Establish a process for following up on past due invoices ![]() It’s your chance to provide a courteous heads up, before the pressure is on with an overdue invoice.ģ. That removes any murkiness about when you actually need your money in hand.Ībout a week before that due date, send a friendly reminder about outstanding payments. To make this even more unmistakable, include both the payment terms (“Net 30”) and a due date (“Payment is due by June 30”). The most common payment term is “Net 30,” which means the invoice must be paid within 30 days of the invoice date. You should also check that your payment terms and due date are featured in a prominent place on your invoice. ![]() It takes you a bit more time, but it provides more transparency for your customers and also helps with your own recordkeeping. Instead, it’s smarter to break that out into items like the cost of the subscription plugins that are installed on their site, your time spent setting up redirects and fixing bugs, and more. If you’ve started your own web design and development agency and do regular website maintenance for some clients, one line item that says something like, “May website maintenance” doesn’t tell your customers much. Distinct project numbers for pre-defined deliverables. ![]() Make sure the line items on your invoice are specific, so they can see what their money got them. Make it clear on the invoice what your customer is paying for (and when)Ĭlients are more likely to pay on time when they know exactly what they’re paying for. If your client hasn’t paid you on time, simply asking, “Would you prefer to pay another way?” could be all it takes to get speedy payment in the future.Ģ. If a client is accustomed to paying for everything one way (with a credit card, for example), needing to find another method to settle their bill can delay your payment. That second bullet in particular is a common reason that invoices go unpaid.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |