Are your clients not paying on time? Overdue debts can cause serious cash flow problems within your business so it’s important to make sure you have a good process in place for getting paid. We’ve previously shared tips on recovering debt but if you have a good system in place you can prevent customers from owing you overdue money in the first place. Remember, prevention is better than collection! Here are ways to prevent client debt:

Do you have clients or customers that aren’t paying on time? Asking for an overdue debt to be paid is an uncomfortable but sometimes necessary part of being a business owner. Usually, sending a friendly reminder or giving a courtesy call is enough to prompt the customer to pay you. But if the customer isn't responsive, you might have to escalate the situation. Here are some steps you can take as a guide to receiving an overdue payment from a customer.