Been experimenting with different ways to track overdue payments lately. Started blocking out 30 minutes each morning to review outstanding invoices and follow up on late ones.
Makes a huge difference having it as part of my daily routine instead of just remembering randomly. Way less stressful than letting things pile up.
I send payment terms at net 15 and call on day 16. No exceptions. Most people pay when you actually hold the line. Daily tracking works great, but you’ve got to act on it. I’ve seen people build fancy spreadsheets then wait months to collect.
Same here, but I keep it simple. A quick scan for overdue stuff and send reminders.
Daily consistency is key. I used to do weekly checks and things slipped through the cracks. Now, it takes just 10 minutes a day and I catch everything before there’s a problem.
Same here - I do mine right after coffee while checking emails.
I set up three buckets: current week overdue, 2-3 weeks out, and anything past 30 days. The 30+ day pile gets phone calls, not emails.
Calling works way better than sending another email they’ll ignore. Most people are pretty good about it when you actually talk to them.
I just check when I can and move on.
That’s a good idea. Setting aside time daily can really help manage payments and keep things organized.
Smart move. Weekly reviews let too much slip through the cracks.
I use a simple spreadsheet with:
Daily checks save me from those awkward “oh crap, they’re 45 days late and I never followed up” moments. Clients pay faster when you stay consistent too.