5 tips for chasing invoices without annoying your clients
- Smith Accountants
- Mar 8, 2023
- 2 min read
Updated: Apr 17, 2024
As a small business owner, trying to chase payments while not annoying your clients can be a challenge. Here are 5 tips for getting those outstanding invoices paid while maintaining good relationships.
When you’re a small business owner, sole trader or freelancer, asking for payment on overdue invoices can be a delicate matter. Without an accounts person or department, sometimes you’re trying to secure new work and chase invoices from the same person. That can be an awkward tightrope to walk.
Here are 5 tips for chasing payments while maintaining customer loyalty:
Automate reminders - Set friendly payment reminders that go out automatically – they tell clients they’ve missed a payment without making it personal. It’s like your invoicing platform is giving them a nudge, rather than you doing it yourself.
Find out who’s behind the payments - Is there another person at the business who’s in charge of accounts or payments? Ideally, you want to be selling your services to your usual contact and chasing someone else to pay your invoices.
Enlist help from a friend - If you have a friend who also has a small business, become each other’s accounts support. Set your friend up with an ‘accounts@yourwebsite.com’ address and they can send out email reminders and follow-ups to your clients.
Set expectations when you negotiate the job - Firm and clear payment terms make it easier to get paid faster and keep that cash flowing. Set out your terms up front – it’s much easier to talk about your payment expectations when you organise the job, rather than once the invoice has been sent.
Be nice, but firm - There’s no need to be rude or aggressive to your clients when chasing payment; you want to maintain a positive relationship. However, at some point you need to cut off their credit. Often saying ‘I’m very happy to do that for you, just waiting on payment of that last invoice’ will give them the impetus they need to pay you.
P.S We can save you the trouble of having to worry about chasing clients for outstanding invoices, we can do this for you!
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