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Guide

How to Get Paid Faster

Late payments are the quiet killer of small businesses. The good news is that a few simple habits move most invoices from slow to on-time.

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Invoice the moment the work is done

The longer you wait to send the invoice, the longer you wait to get paid. Send it the day you finish, while the work is fresh in the client's mind and the goodwill is high.

Make the terms impossible to misread

Put the due date and the payment method in plain sight. "Due within 14 days" with your banking details underneath removes any confusion about when and how.

Take a deposit and make paying easy

A deposit gets money in early and commits the client. And when your banking details are printed right on the invoice, there is nothing standing between the client and paying you.

Follow up without apology

If an invoice goes past due, a short, friendly reminder is normal and expected. "Just checking this invoice is in hand, due date was the 15th" is enough. You are not being pushy, you are running a business.

Offer more than one way to pay

The easier it is to pay, the sooner you are paid. Where you can, give the client more than one option, a bank transfer with full details on the invoice, and any other method you accept, with those details in plain sight rather than buried or left off.

Every extra step between the client and paying is a chance for the invoice to slide down the pile. Remove as many of those steps as you can, and more invoices come back on time without a single reminder.

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Questions, answered

How long should I give clients to pay?+

Common terms are 7, 14 or 30 days. Shorter terms tend to get paid sooner. Pick one and state it on every invoice.

Should I charge late fees?+

You can, if you state it in your terms up front. Even the mention of a late fee often nudges payment along.

Does asking for a deposit really help?+

Yes. It brings cash in earlier and makes clients more committed to paying the balance on time.

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