late fees
late fees
Out of context: Reply #3
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- ideaist0
From experience, I believe the best rule of thumb here is to nag, nag (and nag some more) in person and on the phone; no emailing once the date on the invoice has been passed; you gave them a chance to deal with things in only ASCII characters but they went and fucked you so now it's game time because you've got mouths to feed and bills to pay.
On your initial contract, include some type of flat (or %) fee that is added if not paid (in full) on time; most clients will understand this is simply a precaution.
Lately, I've been given the idea of clients getting some type of small discount (2,3, even 5%) if they pay on time and/or ahead of time. Any thoughts on this type of reward system? A little initiative never hurt anyone?!