![]() When setting these expectations, make sure you cover the following: Then, review these conditions during your kick-off calls and onboarding process. When both parties are ready to sign a contract, there should be no surprises. Start by outlining your payment terms from the first proposal you send to a client. The best way to ensure any overdue invoices are paid is to set expectations from the beginning of your client relationships. Ways to reduce invoice follow-up stress.Setting expectations & charging interest.To learn more, read our guide to raising an invoice and getting paid □ Top Tip: Before we dive in, it’s important to understand the basics of creating an invoice in a way that incentivises prompt payments, as well as what common mistakes to avoid. In this quick guide, we’ll cover how to get your invoices paid without burning client relationships and make sure you get paid fast. ![]() ![]() That amounts to an average of £8,500 being owed and 1.5 hours per day spent chasing late payments.īut no need to panic! There are several ways to manage an overdue invoice, no matter the state of your client relationship. We surveyed 1,000 CEOs, founders, directors and senior management staff at SMEs and found that the average UK SME is chasing five outstanding invoices at any one time. But the payment is overdue, and you haven’t received a response or update.ĭon’t worry-you’re not alone. You’ve delivered on your work, set your payment terms and sent an invoice to your client.
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