2015-09-01 15:11:30 Getting Paid English Tracking down unpaid invoices can be a nightmare. Listen to these small business owners and use our Guide to Invoices to make sure you get... https://d2yxjugd6jl4bj.cloudfront.net/wp-content/uploads/2015/09/08233018/2015_9_1-small-AM-Small_Business_Horror_Stories_Dealing_With_Delinquent_Clients.jpg delinquent account How to Manage and Resolve A Delinquent Account | QuickBooks

Small Business Horror Stories: Dealing With Delinquent Clients

1 min read

A recent Due.com study found that about 16% of invoices don’t get paid at all. And for young businesses that depend on invoicing to drive cash flow, unpaid invoices can stall growth or, even worse, lead to bankruptcy.

Intuit reached out to a few unlucky business owners to hear their horror stories of clients that never paid their invoices. Here are a few of the most frustrating (and a bit funny) stories.

As illustrated by the video above, there are a number of ways a vendor can follow up on late payments from a client, but many times, these collections practices are unfruitful.

To ensure your invoices get paid and to avoid the hassle of collections, you’ll need a contract that clearly outlines the terms of the project and the ramifications of late payments. Then, you’ll need professional invoices and reliable management of your accounts receivable to make sure your cash keeps flowing.

For more tips on creating invoices that can speed up delivery of invoice payments, check out our Complete Guide to Invoices.

Rate This Article
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Help Your Business Thrive

Get our newsletter

Thanks for signing up!

Check your inbox for a confirmation email.*

*Check your spam folder if you don’t see a confirmation email.

More on Invoices

102 Best Business Blogs You Need to be Reading (and Taking Lessons From)

There are many business blogs on the Internet. Some of the most…

Read more

Small-Business Hiring is Down, UPS & INC. Want to Give You $25K Plus Other Small-Business News

Welcome to our first-ever weekly digest of small-business news. We’re glad you’re…

Read more

Small-Business Trends Among Older Workers and Millennials & Other Small-Business News

Now’s a great time to start a new business. With new tax…

Read more