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Invoice without stating 30 days term

  • Zheng Hao Ge
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11 years 1 week ago #917 by Zheng Hao Ge
Invoice without stating 30 days term was created by Zheng Hao Ge
I invoiced my client without stating 30 days payment term, Does 30 days term applied for my invoice?

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11 years 1 week ago #918 by David J
Replied by David J on topic Re: Invoice without stating 30 days term
Hello Zheng (I hope that is correct!)
If you do not have a payment term agreed with the client, then the default that the legislation uses is 30 days. You do not have to specifically mention this on your invoice but it always helps to make everything as clear as possible when it comes to payment.

Rather than just stating 30 days, put the actual date that you expect the invoice to be cleared in your account. Also add who the money should be paid to and your bank details.

Don't give them any excuse to delay payment!

Regards

David

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11 years 1 week ago #919 by ashley smith
Replied by ashley smith on topic Re: Invoice without stating 30 days term
Its also worth adding to the bottom of your invoices something along the lines

'We reserve the right to charge statutorary interest in accordance with the Late Payment of Commercial Debts Act 1998 and subsequent revisions and amnendments'

A quick google search will gve examples from numerous firms of lawyers \ debt collection companies.

It should be further noted you should chec your terms, if they state peayment period or interest rates these will prevail.

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