Past Due Accounts Receivable Collection Letter Template
- Tikv Azoik
- Sep 13, 2022
- 1 min read
Your past due accounts receivable letter should include the amount owed and the due date for the invoice. You may want to use a different format or design to make your past due account receivable letter stand out from your competitors'. However, it's important to remember to keep it brief and to the point.
It's crucial to avoid becoming personal in your past due accounts receivable letter. Instead, use a business-toned tone to make it seem less like a personal issue. Include a reference to the invoice and its due date, and remind the customer of your company's policy on late payments. If possible, follow up with a phone call or email. It can be helpful to record these conversations for your records. If the customer still hasn't paid, resend the invoice after 45-50 days.
Once the initial past due accounts receivable letter is ignored, it's time to send a second one. The second letter should be firm but polite, reminding the customer of the terms and conditions of payment and providing a payment plan. While it's a last resort, a past due accounts receivable letter will have the highest chance of success.
A past due accounts receivable letter is one of the most important letters a business can send to a client. It should arrive at the right time and give the debtor a sense of urgency.
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