For crying out loud pay my invoice

on Thursday, 02 December 2010. Posted in N21 Business Blog


 

When you are working freelance for a larger company it can sometimes feel that you are at the bottom of the pile when it comes to getting paid.

 

Whilst some companies do recognise that their freelance contractors often have less cash flow than their larger suppliers, many need reminding that their payment is needed to pay the mortgage, the rent and everyday living expenses. Despite late payment legislation, chasing late payment continues to be a massive waste of time and money for small businesses, with suggestions that more companies are using late payment to bolster their own cash flow.

 

Here's an amusing idea from Belgium, where it is claimed thar 1 in 3 invoices are paid late. The "crying invoice" is an idea to make sure that your invoice gets noticed, from a Belgian called Duval Guillaume and uses a specially designed chip that reacts to light exposure. Twenty seconds after being opened and it cries dramatically. See for yourself.

 

If late payment is a problem for you, as it is estimated to be for over 2.5 million sole traders and small businesses, remember that you are entitled to charge interest, although as our clients are aware, this has to be weighed up against the risks upsetting or even losing a client. That's what makes this a clever way of nudging them, as paying invoices hardly ever raises a smile.

 

There is some more useful advice for freelancers on www.londonfreelance.org.

 

 

 

When you are working freelance for a larger company it can sometimes feel that you are at the bottom of the pile when it comes to getting paid.

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