5 Tips for tradies to get invoices paid on time
1. Set clear payment terms: Make sure that your invoices clearly state when payment is due, and include any late payment fees or interest charges. This will help to ensure that your clients understand your expectations and are more likely to pay on time.
2. Follow up on overdue invoices: If an invoice becomes overdue, don’t be afraid to follow up with your client. A friendly reminder can often be enough to prompt payment.
3. Offer multiple payment options: To make it easier for your clients to pay, consider offering multiple payment options, such as direct bank transfer, credit card, or online payment systems like PayPal or Stripe.
4. Consider offering a discount for early payment: Some clients may be more likely to pay on time if they receive a discount for doing so. Consider offering a small discount for payments made within a certain time frame.
5. Be proactive: Don’t wait until an invoice becomes overdue to address any issues or concerns your client may have. If you think there may be a problem with payment, reach out to your client as soon as possible to try to resolve any issues. This can help to prevent delays and ensure that your invoices are paid on time.
