Can I get paid faster?
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Can I get paid faster? When it comes to invoicing, 30 days is the standard payment period. You may prefer 7 days but most clients do not.
One of the best ways to minimise your exposure to risk (e.g. bad debtors) – and get paid when you want – is to add terms of payment to your invoices.
Can I get paid faster? When it comes to invoicing, 30 days is the standard payment period. You may prefer 7 days but most clients do not.
One of the best ways to minimise your exposure to risk (e.g. bad debtors) – and get paid when you want – is to add terms of payment to your invoices.
These terms can include the rights you maintain, where people can find your full terms and conditions and any late fees that may apply.
But don’t get too carried away or clients will look elsewhere.
And don’t go in guns blazing if payment is late.It’s much better to contact the finance department, re-send your invoice and ask for prompt payment.
Understanding is good. Pushy isn’t.
- Courtesy of The Pond