With the current economic climate more and more of my clients are asking for advice on collecting late payments and how to charge interest.
There is, of course, legislation surrounding this but people don't seem to know where to find it.
payontime.co.uk
contains a wealth of information including calculators to help you work out how much statutory interest you can charge, if that's the stage you have reached, as well as a calculator to help you work out the contractual interest rates you might have in your terms and conditions.
If you need help with credit control, feel free to contact me. Some people just don't like to phone people up and chase payment. The good news is you don't have to!! Let Officebird take the awkwardness out of late payment situations.
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