![]() ![]() ![]() In most cases, the customer has only forgotten to pay the invoice and has not done so out of malice. This is usually done by sending a friendly payment reminder. If an invoice remains unpaid and the deadline has expired, the creditor has the right to claim the amount owed. ![]() Learn more about cash management in our video: Unpaid invoices & legal action in the UK Nevertheless, unpaid invoices should always be dealt with promptly so that they don't pile up. Not only do they put a strain on cash flow, but they also cost time spent creating and sending payment reminders. Unpaid invoices are a nuisance for any business. All correspondence with the debtor must therefore be kept, as this serves as evidence in court. If it only becomes apparent after six years that an invoice has remained unpaid, the debtor no longer has to comply with the demand for payment, unless he has been notified of the default earlier. As soon as you see that an invoice is overdue, it is advisable to send a payment reminder. How long can an invoice be unpaid?Īccording to UK law, you can reclaim money for an unpaid bill up to six years after the billing deadline. Often he has only forgotten to transfer the amount and immediately complies with the request. As soon as the invoice deadline has passed and payment has not yet been received, a reminder should therefore be sent to the customer. If a company has many unpaid customer invoices, this can put a strain on liquidity because it has already made advance payments and is now waiting for revenue. In such a case, it makes sense to send a payment reminder as soon as possible so that you do not have to wait too long for payment. This means that a customer has not yet paid the amount owed and the deadline on the invoice has expired. Unpaid invoices are open invoices that are overdue. In this article, we show you what you can do in such cases to get your money as quickly and easily as possible. However, for many companies they are also part of the problem, because it happens again and again that customers do not pay their invoices. Unpaid invoices are a very unpopular topic, because nobody likes to run after bills. ![]()
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