Monthly Bookkeeping Billing Policy
Services invoices will be generated and automatically processed for payment on the first of each month, covering the services provided in the preceding month. Timely payment is crucial to maintaining continuous service. A late fee will be applied if full payment is not received within 30 days from the invoice due date. This fee amounts to 10% of the unpaid balance, with a minimum charge of $50.00 or a lower fee if permitted by applicable laws, regulations, or contracts.
Adhere to the payment schedule to ensure uninterrupted service. Failure to make the whole payment within the specified 30-day period will result in a late fee designed to encourage prompt payment and compensate for any delays.
In cases where invoices are overdue, we reserve the right to suspend all services associated with the engagement or withdraw from the agreement altogether. If an account accumulates more than two delinquent invoices, monthly services will be automatically suspended until full payment is received. This measure helps manage financial risk and ensures services are provided in good faith.
Should it become necessary to terminate our services due to nonpayment or other reasons specified in our terms, the engagement will be considered completed upon written notification of termination. This applies even if some services outlined in the agreement have not been fully completed. The consequences of nonpayment are serious, and we urge you to avoid such situations.
Furthermore, if collection actions become necessary to recover unpaid balances, you will be responsible for reimbursing any collection costs incurred. This includes legal fees and other expenses related to collecting the outstanding amount. Suppose work is halted due to overdue payments. In that case, we will not be liable for any resulting damages, taxes, interest, or penalties related to the work stoppage.
Maintaining timely payments is not just a task, but a crucial factor for the smooth continuation of services and avoiding additional fees or disruptions. Your actions have a direct impact on the services you receive.
Adhere to the payment schedule to ensure uninterrupted service. Failure to make the whole payment within the specified 30-day period will result in a late fee designed to encourage prompt payment and compensate for any delays.
In cases where invoices are overdue, we reserve the right to suspend all services associated with the engagement or withdraw from the agreement altogether. If an account accumulates more than two delinquent invoices, monthly services will be automatically suspended until full payment is received. This measure helps manage financial risk and ensures services are provided in good faith.
Should it become necessary to terminate our services due to nonpayment or other reasons specified in our terms, the engagement will be considered completed upon written notification of termination. This applies even if some services outlined in the agreement have not been fully completed. The consequences of nonpayment are serious, and we urge you to avoid such situations.
Furthermore, if collection actions become necessary to recover unpaid balances, you will be responsible for reimbursing any collection costs incurred. This includes legal fees and other expenses related to collecting the outstanding amount. Suppose work is halted due to overdue payments. In that case, we will not be liable for any resulting damages, taxes, interest, or penalties related to the work stoppage.
Maintaining timely payments is not just a task, but a crucial factor for the smooth continuation of services and avoiding additional fees or disruptions. Your actions have a direct impact on the services you receive.