[LRUG] [FINANCE] Startup/finance question around invoices

[Niklas Richardson]

I've used one in the past, but I actually think it's a pretty expensive
option for something that once you've got your letters setup, etc...
shouldn't take you too long to do.

Do you have a book keeper you could rope into doing it for you?

Regards

Niklas

--

Niklas Richardson
Kyan Ltd.

Main number: 01483 548 282
Mobile: 07590 568 417

http://kyan.com

Registered office: 171 High Street, Guildford GU1 3AJ. Registered in
England: Company number: 4575679


On 8 August 2014 11:42, Sleepyfox <sleepyfox at gmail.com> wrote:

> Hi all,
>
> ​​
> Thank you very much for the swift and useful replies. Our contracts do
> have an interest clause, but at BoE+5% it is obviously too lenient!
>
>  I'll talk through all of the suggestions with my partner, but I'm
> leaning towards a simple "3 strikes" rule for late payments. You're right,
> is rather pay someone else to chase debts than it ruin my quality of life.
>
> Any recommendations for late payment chasing agencies that are above
> board?
> ​
>
> ​Thanks for all the helpful replies,
>
> ​​
> Fox
>
> --​
>
> On 8 Aug 2014 11:27, "Olly Legg" <ollylegg at gmail.com> wrote:
>
>> > If you have it clearly stated in your terms that you'll start charging
>> them interest I'd follow through with that with clear letters after they're
>> late.
>>
>> Slightly off-topic, but if you don't have a clause in your contract
>> regarding interest on late payments then you can still claim ‘statutory
>> interest’, which is a not too shabby 8% + BoE base rate.
>>
>> Source:
>> https://www.gov.uk/late-commercial-payments-interest-debt-recovery/charging-interest-commercial-debt
>
>
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