Overdue Payments

Overdue payments are payments that have not been made by the agreed-upon due date. For freelancers, managing and following up on overdue payments is crucial to maintain cash flow and financial stability.

What should I do if a client is not paying me on time?

First, send a polite reminder email to your client asking for payment. If that doesn't work, follow up with a phone call or in-person meeting to discuss the issue. If the client still doesn't pay, consider sending a demand letter from a lawyer or using a debt collection agency. It's important to keep records of all communication and invoices related to the unpaid work.

Can I charge interest on overdue payments?

Yes, you can charge interest on overdue payments. However, you should include this in your contract or agreement with the client beforehand. The interest rate should be reasonable and in line with industry standards. You should also clearly communicate the interest charges to the client and include them in any invoices or payment reminders.

How can I prevent overdue payments in the future?

One way to prevent overdue payments is to have a clear payment policy in place and communicate it to your clients. This should include payment terms, due dates, and consequences for late payments. You can also consider using online payment platforms that automate the payment process and send reminders to clients. Another option is to require a deposit or partial payment upfront before starting work.

What are my legal options if a client refuses to pay me?

If a client refuses to pay you, you may have legal options such as filing a lawsuit or using a debt collection agency. However, it's important to consult with a lawyer to understand your rights and options. Keep in mind that legal action can be time-consuming and expensive, so it's often best to try to resolve the issue through communication and negotiation first.

What is Workmade?

WorkMade is an all-in-one banking and accounting app designed specifically for freelancers! WorkMade gives you access to: zero-fee business banking, automated bookkeeping, fast and easy invoicing, and quarterly tax estimations and payments.

About Workmade
An artistic photograph of a freelancer getting paid

The banking app that pays your taxes, finds write-offs and gets you paid fast.

Free to download. Sign up in 60 seconds.

Learn More

Do your thing.

It only takes 60s to

Get Started

Scan to download the app.