I allowed net 30 on an invoice even though my contract was net 15. Now, they are a week over that date. I already sent the "gentle reminder" invoice. How long do I wait to send another reminder? How long to wait before taking them to court for payment?
2006-10-06 08:27:09 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
Before you hit them with the court sledgehammer, call their accounts payable first and tell them you need your money. You'd be amazed how simple phone calls can help your cash flow. My company is net 30, we start adding finance charges at 45, and start pestering them at 60.
2006-10-06 08:32:51 · answer #1 · answered by morlock825 4 · 1⤊ 0⤋
The squeaky wheel gets the grease. Keep calling. Sometimes they will pay you to stop calling. Explain to the person in charge of payments, that this is your livelihood and that you cant afford not to be paid for the work performed.
2006-10-06 16:17:23 · answer #2 · answered by hirebookkeeper 6 · 0⤊ 0⤋