Even though late payments and overdue invoices are an extremely common occurrence in the business world, chasing them just never seems to get any easier. After all, no one really likes playing bad cop.
Often we’re left running ragged, crafting email after email to businesses, contractors and freelancers various, simply to acquire what is rightfully ours in the first place.
We at Nordens understand that this is a part of business that no one really enjoys. That’s why we wanted to make this stage a little simpler. If you’re spending far too much time confronting non-paying customers then take advantage of our catalogue of letter templates, perfect for each stage of the payment collection process – from issuing gentle reminders all the way through to more firm, and final notices.
Now that the invoice is due let’s request payment.
Our invoice is now over 7 days overdue so let’s chase it.
At 14 days overdue the invoice is now quite late and needs chasing.
Now over 21 days overdue the invoice is very late and must be chased.
With previous invoice chasing attempts things get more serious.
Don’t forget that Under the Late Payment of Commercial Debt Act, small businesses are, in fact, just as entitled to issue penalties for the late payment of goods and services as larger firms.
Whatever the particular situation calls for, Nordens want to help you communicate with a well-crafted letter to not only expedite your payment process but also make your customers aware of exactly what’s at stake, from a legal standpoint, when invoices are overdue.
Nordens simply want to help you and your business thrive.
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
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In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
At Nordens, we're committed to keeping our clients updated on all things business strategy and news. Each week we update our newsletter subscribers on what really matters in the big bad world of business. That way, you can stay one step ahead!
In celebration of our 18th birthday, we’ve launched our Refer-a-Friend scheme, allowing you to receive a thank you gift from us of up to £1,000 for successfully introducing a new client.
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