I currently have 4 invoices that clients are late to pay, monthly retainers and reimbursements. It’s beyond frustrating that clients know they have leverage and can push smaller vendors to the bottom of the AP list. I’ll need to dip into savings for CC and mortgage. My contract stipulates penalties for late payment but of course the hassle of doing that makes it almost a meaningless threat. Anyone else find solutions short of firing? I’ve let the clients on retainer know that I’m starting pre-billing at beginning of month from here on out.
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