Chasing up outstanding invoices and customers who don’t follow your invoice terms is one of the inevitable challenges of being in business. Once you’ve done the work and sent the invoice, it is so important to enforce the payment conditions you have stipulated, because this will have a significant impact on your ability to manage your business and maintain strong, positive cash-flow. If your money is not in your bank account, you can’t spend it on the things that your business needs.
Here are some tips for following up late payers:
Some examples include:
Debt collection is something that will start the moment you have money owed to you. It must be a priority as it can have a large effect on your business.
Laguna Bay Bookkeeping are experienced in helping to chase debtors. If this is something we can help you with, visit our website or email firstname.lastname@example.org
Laguna Bay Bookkeeping are highly experienced and motivated to help see your business grow. Offering complete end to end bookkeeping services, we pride ourselves on offering the complete account keeping solution, all at an affordable hourly bookkeeping rate.