Standing Orders

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.

Dave

Comments
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Putting my client hat on ...

Captainblack |
Captainblack's picture

Thank you

bigdave1971 |

I send my clients an invoice

thomas |

It's not a monthly payment on account!

Monsoon |
Monsoon's picture

Monsoon

bigdave1971 |

Automated invoicing ;-)

Monsoon |
Monsoon's picture

DD on account for me .....

Steve Holloway |
Steve Holloway's picture

Why?

bigdave1971 |

50% of our client

SJRUK |

Similar but be careful

Paul Scholes |
Paul Scholes's picture

DD might have just got a whole lot easier

Adrian Pearson |
Adrian Pearson's picture

Gocardless

Paul Scholes |
Paul Scholes's picture

I would love direct debit...

Richardrussell |
Richardrussell's picture

Richard - you don't use your bank

Monsoon |
Monsoon's picture

Simple Direct Debit integration without any technical hassle

simonreynolds1987 |
simonreynolds1987's picture

DDs are not that expensive

roblpm |

Similar with Fastpay ...

Steve Holloway |
Steve Holloway's picture

Ive had a quick look at

MissAccounting |
MissAccounting's picture

Eazipay

two sheds |
two sheds's picture

SO's for me but DD option looks good

Kent accountant |
Kent accountant's picture