
Retainer Fee: Everything You Need to Know About
Get expert tips on setting retainer fees that are fair and reasonable.
TABLE OF CONTENT
‘Can I charge a late fee on my invoice?’ If this question has been lingering on your mind lately, let us soothe it and give you the answer. Yes, you can. And you should, for it will motivate your customers to pay swifter.
Wondering how to word your invoices to prevent past due payments? Indeed, that’s a very important topic because your late fee wording on invoices can either stimulate or discourage your customers to get the transaction going your way ASAP. First, politeness is key. Always stay polite when it comes to the language of your financial documents. Second, be firm. Yet polite.Here are some more tips to help you achieve that perfect balance:
You’ve done the work on time, which means you’re entitled to get paid. On time. Therefore, stop thinking you’re a nag whenever you have to chase (your well-deserved) money. In case you haven’t heard from a client for days after invoicing them, contact them. Don’t just sit and wait silently until… well, nothing happens. Follow up religiously. Politely. Yet firmly.
Last but not least, make sure you automate and digitize the whole process if you don’t want paperwork to drive you totally crazy. Start making the most of a solid online billing platform. This will save your time and money, allowing you to really shine at what you do best: bringing the cash in. So, if you’re looking for an invoicing template Word or Excel, Saldo Invoice has got you covered.
Get expert tips on setting retainer fees that are fair and reasonable.
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