Late payments are a constant headache. I’ve been thinking about adding penalties to my invoices, but I’m unsure how clients might react. Has anyone successfully implemented this without burning bridges? What’s a fair percentage that gets results without seeming too aggressive?
Never bothered with penalties. I just call if they’re late. Keep things simple works for me mostly.
I started adding late fees a couple years ago. Was nervous at first, but it’s made a big difference.
I put a clear line on invoices: ‘2% fee added for payments over 30 days late.’ Most clients pay on time now.
For existing customers, I sent a friendly email explaining the new policy before it started. New clients see it right on their first invoice.
The key is being consistent. If someone’s late, I always add the fee. But I’m flexible if a good client has a one-time issue and asks nicely.
2% seems to work well. It’s enough to motivate prompt payment without feeling like a punishment.
Honestly, it’s improved my cash flow and saved me from awkward follow-up calls. Just make sure your terms are clear from the start.
Late fees can be tricky. I’ve tried a few things:
- Clear due dates on invoices
- Friendly reminders a few days before
- Follow-up calls for late payers
Never used actual penalties though. Feels a bit aggressive for my style.
Instead, I focus on:
- Finding reliable clients
- Building good relationships
- Clear communication about expectations
For really late payers, I might stop work until they catch up. That usually gets their attention without needing formal fees.
Remember, chasing payments takes time away from actual work. Sometimes it’s better to just move on to better clients.
I just put a note on my invoice: ‘Please pay within 30 days.’ Keeps it simple. If they’re late, I might call to check in. No fancy penalties or anything.
I keep it straightforward. My invoices say ‘Payment due in 14 days.’ If they’re late, I send a reminder.
For repeat offenders, I might add a late fee clause to our agreement. But I’d rather find reliable clients than chase payments.
Clear terms upfront and consistent follow-up usually do the trick.
Penalties work, but they can rub folks the wrong way. Here’s what I do:
I put ‘Net 30’ on every invoice. That means pay in 30 days or else.
For new clients, I explain my terms upfront. Old clients know the drill.
If someone’s late, I send a reminder after a week. Most pay up quick.
For the real problem payers, I might tack on 1.5% per month after 60 days. But I tell them first.
The real key? Don’t work with late payers more than once. It’s not worth the hassle.
Good clients pay on time. Focus on finding those instead of chasing bad ones.