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#1179946
motelier
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  • Total posts: 6

No matter what business you are in you must clearly state the terms of payment. When we were in the construction industry there was one builder who l had to chase up payment every time. So the next account l just asked for payment by a certain date and he paid before that date and for him l kept on doing it, he was not offended by it – l thought l might offend him! Put your terms of payment on your quote and or invoice (and stick to your guns about getting paid). Everybody else does, if you are late in paying they chase you up. You have to do it – be strong you are running a business not a charity. No it is not nice to phone, email about late payments but think about your cash flow.