Hey ladies, it is time to start balancing our accounts and we should consider debt collection.
Collection starts when you send the invoice, which should have a due date for payment. When that date passes, it’s time to start thinking about following up with a collection letter. Don’t wait too long.
It is better to send a reminder notice sooner rather than later. Remember, this is money owed to you. The longer you put off collecting it, the more strain it can put on your business.
If you’re not sure what to write, you can use the sample below. Remember these letters are to be short, precise and end with a thank you.
January 8, 2020
Linked Group 123 Lekki Road Anywhere, Nigeria
Account# or Invoice #:123 Balance due or Past Due Balance: 100,000 Naira
Dear Kola,
This is a reminder that your account balance of One hundred thousand Naira was overdue as of November 28, 2010.
Please pay this amount today, I have enclosed a stamped payment envelope for your convenience.
Thank you for your payment.
Sincerely,
Shade Smith Linked Group
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