A
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As there has been interest shown on this, the following is a 7 day warning letter to send to non payers:
Dear …
Site Address:
Invoice No.
We note that the above invoice, dated …, has not been settled in full despite the stipulated 14-day payment term.
Kindly settle the amount of … by return.
Should we not receive the said payment, we regret that we will have to take action to recover the debt, together with the statutory interest from (15th day – the day after the invoice due date) … at the rate of 8%.
Yours
You will need to change the timescale to 1 day after the payment terms – ours are 14 days unless we are on a 30 day payment. On day 28 I ring the accounts department to remind them a payment is due in a couple of days and then ring again on day 31.
Have a look at the following website
Late Payment Legislation and the BPPG Interest Calculator. - Pay on Time
I hope this helps
Anne
Dear …
Site Address:
Invoice No.
We note that the above invoice, dated …, has not been settled in full despite the stipulated 14-day payment term.
Kindly settle the amount of … by return.
Should we not receive the said payment, we regret that we will have to take action to recover the debt, together with the statutory interest from (15th day – the day after the invoice due date) … at the rate of 8%.
Yours
You will need to change the timescale to 1 day after the payment terms – ours are 14 days unless we are on a 30 day payment. On day 28 I ring the accounts department to remind them a payment is due in a couple of days and then ring again on day 31.
Have a look at the following website
Late Payment Legislation and the BPPG Interest Calculator. - Pay on Time
I hope this helps
Anne
