Posted - 24/04/12 | 0 Comments

How much are you owed?

Getting paid on time is a must for any business – especially in a recession.

Freelancers and small firms can feel particularly vulnerable when this doesn’t happen.

Unfortunately, freelancers working in the media industry have seen debts owed to them increase by 25% on the year before. Amounts ranged from £1,000 to £15,000 per person, according to reports. And there are fears that the debts will get bigger in 2012.

Of course, not being paid on time means you’re more likely to rack up debts of your own.

Small business owners and the self-employed have much higher debts than most people, it’s been claimed this month. According to research published in The Independent, the average personal debt of a small business owner or self-employed person stands at £30,514.

So what can be done to help to ease the cashflow? Employ a debt collector?

One web site has just come up with a novel idea – a kind of ‘compare the debt collector’ type service. Basically, collectwho.org.uk allows businesses to get a quick quote and compare fees. Clever.

Obviously, it’s a shame if things go that far. And Clear does what it can to help you to get paid quickly – without having to take drastic steps and pay fees of any sort:

  • Firstly, getting the invoice sent immediately always helps with getting paid faster. With Clear, creating and dispatching an email takes seconds. A few clicks and it’s on its way.
  • Secondly, your payment terms (eg. 30 days) will be marked clearly on your online invoice. And Clear can chase your payment with automatic, polite-but-firm email reminders if any payment is late. You can be persistent without the stress of having to chase yourself.
  • Next, all your payment preference details are included with every Clear invoice you send. So there’s no excuse that customers don’t have your bank details. They are on your invoice.
  • And finally, the dispute resolution system within Clear lets you attach personal notes to invoices – and immediately blow apart any spurious invoice queries that are nothing short of ‘delaying tactics’.

Ultimately, a bad customer is a bad customer. But with Clear’s tools, it’s harder for them to hide – and easier for you to get paid.

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