Late payments
Late payments
Out of context: Reply #9
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- fyoucher10
Should be something you make very clear ahead of time. Mine are typically net 30, I've had some that paid net 60 which sucked a big one, and then I have great clients who overnight Fedex me a check the day after I invoice. By clients I mean the ad agencies I work for.
I also include this on my invoice for clients who like to pay a wee bit late, I've only had to enforce it twice:
LATE FEES: Payment not received within 30 days will be subject to a late fee of $50.00. An additional, monthly interest rate of 10% of the remaining balance due, will be applied each month, for as long as the account remains overdue.