As a business owner, late payments from clients can be frustrating and costly. Not only do you lose out on the money that is owed to you, but you also have to spend time and energy trying to get it back.

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In this article, we will discuss some tips for avoiding late payments from clients in the first place. By following these tips, you can protect your business’ bottom line and maintain good relationships with your clients.

Gather a Written Record of Your Terms and Conditions

The first step in avoiding late payments is to have a written record of your terms and conditions.…

For small and big businesses alike, late payments can be the bane of a company. It’s a hassle to chase clients around, hounding after them to please pay up.

Sometimes it’s simply because it slipped their mind. Sometimes it isn’t, but either way there are strategies you can put in place to help avoid them.

From invoicing techniques to contingency plans these techniques will help you to get paid on time.

The devil in the details of your invoice

Whether your invoice is digital or paper it needs to be as clear as possible. You want it to be easy to pay, and thus the amount owed and ways to pay should be marked clearly.…