![]() If we do not receive payment within 10 working days, we will refer the matter to a collection agency. We require your immediate attention to resolve this issue. Subject line: URGENT: – Overdue Payment – – Final Notice Use the following late payment email template if the invoice is still unpaid after 30 days: Reminding the client of this fact may be enough to finally motivate them to make payment. It’s also worth remembering that you may be legally entitled to add late payment interest to invoices if they’re over 30 days late. Provide information about your debt-recovery arrangements. This means that you should include a final cut-off date, as well as an outline of the potential consequences of non-payment. Please find the outstanding invoice attached.Īt this point, make it clear to the customer that your overdue invoice email is a final warning. Let us know when we can expect to receive payment for the outstanding invoice. īe advised that late payment interest may be applied if we do not receive payment within 30 days. The invoice was due on, and payment is now overdue by. Subject line: – Overdue Payment – – Second Requestįurther to my previous correspondence, I am contacting you regarding late payment for invoice. We’ve put together three late payment email templates you can use if you’re chasing payment: a polite reminder template, a firm reminder template, and a final notice template. So what exactly can business owners do about overdue payments? Learning how to write an effective late payment invoice email is a good place to stat. How can businesses use simple emails to tackle late payments? 25% of British small businesses feel uncomfortable talking to their customers and suppliers about money. ![]() Our research into ' money mutedness' also indicates the very British trait of leaving things unsaid is one the factors contributing to businesses being under- or unpaid. Put simply, overdue payments represent a severe existential threat for many small businesses. Barclays’ study highlighted some of the many negative effects of overdue payments. According to their research, 58% of SMEs are owed money on overdue invoices. Put simply, late payments represent a severe existential threat for many small businesses.Ī more recent study from Barclays indicates that this is very much still an issue. GoCardless found that, on average, UK SMEs are paid around 18 days late, and 1 in 6 invoices remain unpaid after 90 days (three months after work has been completed). In the UK, overdue payments are an enormous issue for SMEs. Are you dealing with late invoice payments? You’re not the only one.
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