The Better Payment Practice Group has launched a new guide to assist businesses in getting paid on time. The guide is aimed at smaller UK businesses and offers practical tips on making sure invoices get paid and in the time allowed. The guide also offers tips to stop late payment happening and how to find people or companies that have been issued invoices but not paid.
Our View
Ensuring that you have everything in writing with a fee paying client can help all businesses get paid. Even if you do not get paid on time you will have all of the documentation to back up your case, if you have to take legal action against debtors.
Planning your documentation and administration of invoices in advance can lead to smoother invoicing and on time payments.