Armin recently asked, “What percentage do you bill a client for unpaid invoices? And after how many days/months from due date do you start billing interest?”
I stipulate that if the final invoice isn’t paid within 30 days, a 5% “delayed payment” fee is charged. This initial 5% figure is then added upon each recurring 30 day period until the full amount is received.
How do you deal with unpaid invoices?
Cole kindly pointed me in the direction of these relevant pages:
- The most effective debt collecting email I ever wrote, by Andy Clarke
- F*ck you. Pay me. A CreativeMornings video from Mike Monteiro
- Charging interest on late payments, on Business Link