There can be many different reasons as to why some clients don’t pay their bills, and I’m sure you have heard every excuse in the book!
I’m waiting to get paid from a big job, then I can pay my bill.
I can pay the invoice on payday.
The check is in the mail.
The list could go on...and on...and on! Reality is, some clients will not be prompt when it comes to paying their invoices, but regardless of the situation, or the excuse, you deserve to be paid on time.
Every situation is not cut and dry and there will be times when exceptions can be made, but you should remain firm and consistent in your policies. It is important that your clients know that credit is a privilege, not a right.
THE LONGER YOUR INVOICES GO UNPAID, THE MORE IT CAN AFFECT YOUR CASH FLOW.
Cashflow is the lifeblood of every business and it is imperative in order to thrive and be successful. Having firm policies and procedures in place is the first step to ensuring that clients pay their bills. It sets a clear expectation between you and your client that you expect to be paid. Even if you already have regimented policies and procedures in place, a client may still choose to not pay.
It can be difficult to collect those aged receivables, but that is where I come in. I can assist you and your business by overseeing your accounts receivable consistently, professionally and respectfully and collect your hard earned money from your customers. The money that you have earned and deserve.
If you have any questions on how to improve & maintain your cash flow, give me a shout at 306-520-4009.