Top10Tips.co.uk
is an online resource for people interested in the “how to’s” from business.
Provided by independent UK practitioners written for the UK market. Donating to UK charity.
|
Working for a better small business community
Cashflow
Inflows and outflows
Effective use of credit control
| | Tip#3 Advertise your Payment Terms
If you want to be paid on time your customers need to know when and how you expect to be paid. Make sure your payment terms AND the due date is included on your invoice. DO NOT just say payment is due in 30 days, state the date.
If you expect payment by bank transfer include your bank details on the invoice.
Note: If you receive a purchase order from your customers, ensure the payment terms match your own. If not, deal with it before you do any work or send any product.
|
|
|