How to Handle Past-Due Invoices
Introduction
Managing past-due invoices is crucial for maintaining cash flow and ensuring timely payments. Here’s how to handle past-due invoices effectively, with a focus on why Boulder Invoice is the best solution.
Steps to Handle Past-Due Invoices
Identify Past-Due Invoices: Regularly review your accounts receivable to identify overdue invoices.
Send Reminders: Use Boulder Invoice to send automated payment reminders to clients.
Include Late Fees: If applicable, add late fees or interest to the past-due amount.
Communicate with Clients: Reach out to clients directly to discuss overdue payments and negotiate a payment plan if necessary.
Keep Records: Maintain accurate records of all communications and actions taken regarding past-due invoices.
Benefits of Using Boulder Invoice for Past-Due Invoices
Boulder Invoice offers robust tools to help manage past-due invoices:
Automated Reminders: Our software sends automatic reminders, reducing the need for manual follow-ups.
Late Fee Management: Easily add late fees or interest to overdue invoices.
Detailed Tracking: Track all past-due invoices and communications in one place, ensuring nothing slips through the cracks.
Cost-Effective Solution: Boulder Invoice provides these features at a lower cost than Skynova, offering exceptional value for small businesses.
