Infographic: Nine inexcusable excuses for ignored invoices
When it comes to unpaid invoices, honesty is the best policy What?s the worst excuse you?ve ever received from a client for failing to pay their invoice? Here, marketing executive at small business lending platform CCC Finance, Jade Waddy, reveals some frequently used excuses for ignored invoices. ?He that is good for making excuses is seldom good for anything else.? – Benjamin Franklin The above quote from United States founding father Benjamin Franklin perfectly demonstrates how any excuse for a late payment is a poor excuse. When struggling with finances, it can be understandable that someone may need to bend the truth every now and then to buy more time when you need to cough up the cash that you simply don?t have. Honesty is the best policy. You?re better off telling the truth about your situation than concocting an elaborate lie which, unfortunately, a surprising amount of people do. The many bizarre excuses for ignored invoices that I?ve seen have included the following favourites:
Our CEO is on a sailing trip and we can?t get hold of him
Your invoice was unethical, so we won?t be paying
My dog chewed up the invoice
I was temporarily paralysed and couldn?t post the cheque
I wasn?t chased for payment enough
I suffer from Seasonal Affective Disorder, I?ll pay when it?s sunny
Below is an infographic identifying the nine most commonly used excuses for ignored invoices. I?m sure you?ve heard many, if not all, of these before.
Draft legislation has been published to revoke the so-called ?staircase tax?, as the government pledges to recalculate business rates and payout backdated savings for those affected. more»
In new series for Business Advice, David Walker offers practical help on strengthening your company's cash flow, starting with an assessment of Britain?s late payment problem. more»
Rates of remote working have been on the rise in recent years, mainly due to the many practical advantages it can offer to both employees and employers. more»
