Chasing up Debtors

*day 1 - send invoice

*day 8 - send statement

*day 15 - send overdue payment reminder

*day 16 - phone call ask them when they will pay eg next Tues

Hi Client, I am following up on payment of my invoice for $ that was sent to you on (date). Just making sure you received it and when can we expect payment.

*On the Wed call again and ask again when they will pay

*if still not paid after that
-stop credit
-COD only
-send final notice

if not paid within another 7 days consider taking legal action

-letter from solicitor
-mediation
-court proceedings

see also https://business.vic.gov.au/business-information/finance/get-paid-on-time/manage-overdue-payments-and-debt-recovery

 

 


Tags: Business |