Never had to enforce any late payment issues with my work. I haven't had to use a policy as of yet, my 3 clients I work for from up north I have been doing work for since before creating this business.
So far I have this :
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Quote:
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Hourly rate clients are invoiced on the 15th of the month and payment is due upon receipt. Retainer clients are required to pay in full in advance of services; payment is due on or before the 1st of each month. A 2% per month late penalty charge will apply to all delinquent accounts.
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I am contemplating adding in something in regards to NSF charges too.