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Does an account become default if earlier invoices are outstanding.

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8 years 7 months ago #1898 by nedkelly
Does an account become default if earlier invoices are outstanding. was created by nedkelly
I have a client who has been a good payer on repeat invoices for three years but just topped paying numerous invoices. terms are 30 days. I am owed January invoices, February invoices and March invoices. I have informed the client I will not be doing any further work for him and he has promised to pay but hasn't. Do I have to wait for March invoices to reach 30 days before they are default?

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8 years 7 months ago #1909 by james@cpa.co.uk
Replied by james@cpa.co.uk on topic Re: Does an account become default if earlier invoices are outstanding.
Each invoice is a separate transaction, so you can add late payment compensation for each of the January and February invoices now and you can add interest on each of them too.

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