Overdue Invoice Collection Letters: Overview & Explanation

It’s no secret that collecting on past due invoices can be a frustrating part of running a business. But the way you approach your clients with overdue payments matters a lot. The tone and language you use in your collection letters can have a huge impact on whether or not you get paid.

While it’s important to be professional and courteous in your overdue invoice collection letters, you can’t forget to put in the hard work needed to keep your clients’ attention. The first overdue payment letter should remind customers that the invoice is overdue and provide a clear call to action for them to pay. This initial letter can also include details about any late fees or charges that may apply if they don’t pay by the specified date.

As time passes, it’s vital to continue sending follow-up overdue accounts receivable collection letter. With every week that an invoice goes unpaid, the likelihood of a client paying decreases. Therefore, it’s important to be firm and assertive in your follow-ups.

If a client has gone over 90 days without paying an invoice, you should send them a final overdue invoice reminder letter that states how much they still owe and informs them that you are within your rights to turn their account over to a collections agency if they don’t make immediate payment. You can also offer to speak with them about a payment plan or other options for them to settle the debt.

SITES WE SUPPORT

Address Line 2 & Attention Letter Writing – Weebly

SOCIAL LINKS

Facebook

Twitter

LinkedIn

Instagram

Pinterest