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Effective Ways for Preventing Unpaid Invoices
Manage episode 441592276 series 3602995
Kandungan disediakan oleh Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Discover proven strategies to prevent unpaid invoices and maintain healthy cash flow in your SME. Learn how to set clear payment terms, implement structured follow-up processes, utilise credit checking services, and leverage professional debt recovery expertise for optimal results.
One of the most effective strategies for preventing unpaid invoices is to establish clear and concise payment terms from the outset. When entering into an agreement with a client, transparency is key. Specify the payment due date, acceptable payment methods, and any applicable late fees directly in the contract. This not only clarifies expectations but also serves as a legal document that can be referred to in case of disputes.
Source: corporatedebtrecovery.co.uk
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