I'm looking for advice from those of you whose clients pay by standing order (or direct debit for that matter).
So far my clients have paid when I raise an invoice but for a more even cash flow and less chasing of clients for amounts outstanding, I decided that now is the time to move clients onto paying by standing orders.
I have already considered direct debits but the cost is the problem in that case.
So how do I go about it?
Do I just contact my larger clients or would every client be happy to pay monthly?
I was going to write to my clients and enclose a standing order mandate for completion but what about terms and conditions, are there any templates out there that I could use?
Any advice would be much appreciated.
- Limited company buying a car 136 4
- Goodwill omitted from first years accounts 253 15
- Buying Microsoft's Surface Pro 3 456 10
- Straightforward email correspondence or PDF letter attached to blank email? 543 6
- Course costs for retraining as a barrister 165 7
- Travel and Subsistence expenses while abroad 286 4
- How to post Sales figures in Sage50 Accounts (we use separate Sales ledger) 106 2
- ACCA practice certificates 492 5
- Limited company buying director's car 286 10
- Question on HMRC past taxes (+penalties) on non-resident 72 1
- Is it possible to change a client's trading address for Vat purposes online 88 1
- WC's and capital allowances 172 3
- Entrepeneurs relief 300 13
- Dress code 1,545 36
- Which company is best for online new company formation? 475 13
- CTA and Tolley's tax handbooks 256 6
- HMRC Seminar on Penalties - Did you last the course? 377 4
- CIC Tax - what is trading? 472 23
- What is the status of "Whistleblowing" these days - do you get rewarded? 183 4
- Loan Repayment on Invoice 105 3
- CTA study material 767
- Anyone have clients that use Pay4Later to offer customers credit? 477
- Raiders of the Lost Tax File 396
- Employment related securities question 308
- AIM Stocks and IHT 279
- Tax Relief for overseas employees 257
- Expat pension contributions? 255
- Trust for Employee 235
- Service Charge Accountant Career Options 174
- IPP (International Pension Plan) income 147