Late invoice payments...

[The Wikir Man]

Why. I've had a contract like that before. Invoice on Friday payment on Wednesday. Sorted.

So have I. I think that it's the line "with an agent, you need to tell them payment is weekly on the dot or you split." that makes it amusing.

Of course, now that we are out of a recession and into boom times, it's the time to be laying down the law to the agencies. It's not like they've got plenty of other candidates to choose from, is it?

[ratewhore]

Why. I've had a contract like that before. Invoice on Friday payment on Wednesday. Sorted.

I once had an agent who took me out for regular curries. Doesn't mean I expect all my agents over the years to do that. And I certainly wouldn't split if they refused.

Mate of mine biffed his (female) agent once. I rest my case...

[Wanderer]

I dont want to damage their reputation if it is an honest mistake.

What is this thing called "reputation" you perceive your agent to have?

[d000hg]

So have I. I think that it's the line "with an agent, you need to tell them payment is weekly on the dot or you split." that makes it amusing.

Poll on its way...

[Sally BFCA]

New contract, new agent. They told me that they pay 30 days after invoice.
First invoice payment 1 week late and counting...
I invoice weekly on this contract and the 2nd one was also due last week, still unpaid.

Do some agents think it is ok to just relax and take their time? I always print the due date on my invoices as a helpful reminder.

My last agent was very prompt and was no later than 1 day, and sometimes paid a day early.

Hi
You are legally entitled to charge interest at a set percentage above the BOE base rate. It may be an idea to put a notation on your invoices stating that any late overdue payment will be subject to interest and invoiced accordingly.

[PAH]

Hi
You are legally entitled to charge interest at a set percentage above the BOE base rate. It may be an idea to put a notation on your invoices stating that any late overdue payment will be subject to interest and invoiced accordingly.

Yeah, see the payontime website for full details. Also note that you don't have to have informed them beforehand that you are charging them interest for overdue invoices.

As long as the agency isn't likely to go bust anytime soon you could sit back earning 8% + BOE base rate on whatever's owed you.

Not sure if you can submit an invoice for the late payment interest, then when they don't pay that on time, invoice them charging interest on the interest, ad infinitum, but if you could it would be a nice little earner.

[escapeUK]

Accounts departments pay on a "who shouts loudest basis".

Chase your debt. Ring up and ask when you can expect payment.