Quote:
Originally Posted by MBG  My T&C for payment are 4 weeks, then I send a 'friendly reminder', 7 days after that I send a final notice. |
IMHO, that's way to long. Maximum would be 14 days, many people use 7. An automated billing system saves so much hassle in this regard. For example, a system I use automatically generates the invoice, sends out reminders 3 days before, on the day, the day after expiry and 7 days after expiry.
From experience, the best method of getting outstanding payments settled is adding late fees to the invoice - most people pay up pretty quick.
Up-front payments definitely help too as most people have said.
Cheers,
Joel