Accounts Receivables Management: How Do I Deal with A Late-Paying Customer?
F acing issues with receiving late payment and unable to manage late-paying customers? Well, the situation isn’t alarming until it becomes fear for life. How? Generally, if you don’t focus on tackling the payment process in the first place to one customer then you will become habitual with every second customer. And, this way customers will delay or avoid paying you if you don’t have records maintained. However, piling up the problems might lead you to major risks. Thus, here are some tips that will help you say goodbye to late fees. Walk through this blog to know the account receivable management process. Let’s start! Common Reasons Receiving Late Payment There must be a glitch that makes you face problems. Likewise, when you are receiving a late payment, the reasons can be counted as below: Sending a late invoice to customers Incorrect invoice shared Mis-matched records billing No fixed date and time for payment Solid Tips To avoid Receiving Late Fee for Accounts Receivables Mana...