The Underscore Archives

> 1) Late Payment Legislation - on your invoices clearly state a
> payment due date, and include a bit of text to explain that you will
> recover costs under the above legislation if not paid on time - I use:
>
> " We understand and will exercise our statutory right to interest and
> compensation for debt recovery costs under the late payment
> legislation if we are not paid according to agreed credit terms."

thanks, needed something along those lines.

>
> Google will give you a lot of info on this legislation. It's not 100%
> but may make some firms treat 30 days as 30 days instead of 45-60.
> this link is good: http://www.payontime.co.uk/legislation/
> legislation_main.html
>
> 2) Solicitors letter - I can't find the link at present but there was
> a link posted on underscore a while back to a solicitors firm who
> would send a free letter to any seriously late payers. This will
> normally scare people into sorting things.
>
> Another thing I've done with larger companies is
> ask for a purchase order before work starts - somehow it's easier to
> get money when they already have a reference number for your work...

yeah, #POs are very handy - at the very least it means the money has
been ear marked by accounts, and not just green lighted by the
tech/creative departments.

Always good to get a contact within accounts who you can communicate
with as well (just try to be nice!).

j

jon bennett
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