What does it mean when a customer does not pay?
Signal your customers that your practice does not allow for average industry cycles. The fact that many businesses are not able to collect from customers does not necessarily mean you should give up on your receivables management. Your customers need to know that you have robust credit policies in place.
Why does my customer pay me before paying me?
Another important reason may be that your customer has other suppliers that have more stringent credit criteria. So, your customer pays them before paying you. What you can do: The fact that they have other suppliers cannot be an excuse for them not to pay you. You need to have a firmer stand from the beginning.
Why do people think it is their fault if they don’t get paid?
Credibility will help you get paid earlier than you otherwise would. As Michelle Dunn, founder and CEO of the American Credit and Collections Associations and author of “The Guide to Getting Paid” (Wiley, 2011) puts it, it is not always right to think that it is somebody else’s fault if you are not getting paid.
Why is it important to pay all employees the same?
Pay is also one of the key factors affecting motivation and relationships at work, ultimately contributing to your commercial success, so it’s important to reward all employees fairly. The business benefits. Pay systems that are transparent and reward the entire workforce fairly: send a positive message about your organisation’s values
Signal your customers that your practice does not allow for average industry cycles. The fact that many businesses are not able to collect from customers does not necessarily mean you should give up on your receivables management. Your customers need to know that you have robust credit policies in place.
Credibility will help you get paid earlier than you otherwise would. As Michelle Dunn, founder and CEO of the American Credit and Collections Associations and author of “The Guide to Getting Paid” (Wiley, 2011) puts it, it is not always right to think that it is somebody else’s fault if you are not getting paid.
Another important reason may be that your customer has other suppliers that have more stringent credit criteria. So, your customer pays them before paying you. What you can do: The fact that they have other suppliers cannot be an excuse for them not to pay you. You need to have a firmer stand from the beginning.
Why did I not get paid by my employer?
There are a number of reasons why you might not have been paid, including the possibility that they are waiting for you to give them some information, or that they have your bank details wrong. If it’s this kind of problem (or just a mistake on their part) HR should be able to sort this out quickly.
