Late Payment of Invoices

[timh]

You could send a 'reminder' invoice today, and talk to your client contact ("boss") to nudge them in the right direction.

[TheFaQQer]

If you don't need the money, then I'd be inclined to let the first one be a little late - when it hits 30 days, talk to the finance team nicely and ask where the money is.

If they are really late, or this happens again, then issue a new invoice for the late payment fees. It's nothing to do with souring the relationship, really - you are a business, and should act as one - you never know, invoicing for late payment may help an IR35 enquiry...

[oraclesmith]

Whatever you do, don't send them a new invoice.

Like most companies, you could initiate a reminder process - in writing. Send a couple of reminders about a couple of weeks apart giving them strong but polite direction to pay. You then have a paper trail to take down the legal route if necessary.

You'll find that most large companies have creditors systems which automatically delay sending payment until the full term is up and then they will take several days (maybe 1-2 weeks) to actually process the payment, depending on the frequency of their creditors BACS runs. The admin who run these systems won't be able to do much about speeding up payment unless it's really important.

So, don't get up tight about it. If you agreed to 30 days, this means about 6 weeks in reality.

[tino]

I invoiced my client for the first time about 25 days ago. My contract is directly with the client, and states that invoices will be paid within 30 days. It also states:

"The Consultant may charge interest (at 3% above HSBC Bank plc base rate) and/or suspend the performance of the Project Services where payments are received late."

The company I'm working for is one the largest multi-nationals out there. The admin here is quite a mess, and I do believe that they won't make the payment.

On the 31st day from my Invoice date, should I send them a new invoice, or should I contact my boss, and give him a chance to rectify. The reason I ask is that I'm on a 6 month contract, and I know there's a lot more work after that, so I don't want to sour the relationship, especially early on.

What should I do?

I take it you are working directly for the client and not through an agency?

[TheFaQQer]

I take it you are working directly for the client and not through an agency?

Quote from your quote:

I invoiced my client for the first time about 25 days ago. My contract is directly with the client, and states that invoices will be paid within 30 days.

[tino]

Quote from your quote:

Eye Fang Queue

Sorry - I should pay more attention