It can be a tricky situation: recovering money that’s rightfully owed to you. With a few helpful tips, you can increase your chances of full debt collection in an efficient, professional manner.
Billing clients: make sure your invoices are designed and explained with simplicity in mind. This will allow your client to clearly see when and how much is due.
Map out payment terms at the start: clearly let your clients know what their payment options are to avoid confusion down the road.
Require full or partial payment upfront: it doesn’t hurt to ask. Some clients will willingly pay all or a good portion of the bill before services are even delivered. This can make collection much easier when services are complete, or possibly not necessary at all in the case of a full payment.
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