Turning unpaid invoices into paid ones….
There are fewer things in business more stressful than staring at a pile of unpaid invoices on your desk. An invoice might represent the promise of revenue, but until you can get customers to pay up, it’s not worth the paper it’s printed on.
One way to tighten things up in this area is to put clear payment terms into effect. If you require that customers pay you what they owe within a set time frame, it’s much easier to coordinate money matters.
“If you don’t start off knowing what your payment terms are, it is difficult to know when you are going to get paid,” said Suzannah Nichol, chief executive at the National Specialist Construction Council. “If you don’t know when a payment is overdue, how are you going to manage your cash flow?”
Come up with a set time frame for collecting debts – for example, 30 days – and stick to it. You’ll be happy you did.
If after 30 days you have had no success consider using a Debt Collection Agency such as Circle Squared Collections, we can take over the stressful process from you enabling you to do what you do best, run your business, no one likes chasing for money, but that’s what we do and we have over 90% success rate. We are no win no fee therefore we try very hard to get you paid in the shortest amount of time possible.
Look at our website at www.circlesquaredcollections.co.uk or call us on 01302 552007