A Balance Due Letter is a formal notification sent to the organization or client by a business to tell the former about a due payment. A polite reminder about a payment the recipient may have forgotten about or ignored should be the first step whenever you are trying to balance the books and minimize your future financial troubles. Additionally, it can motivate the debtor to pay you before you charge interest or make severe collection efforts.
Download a Balance Due Letter template through the link below. Indicate the name of your company, greet the letter recipient, describe the purpose of the letter - you have noticed the letter reader has yet to provide you with the payment for goods or services and you are demanding them to deal with the outstanding balance, set the deadline for the payment, confirm you are going to charge interest for every day of delay, and add your contact details to discuss the matter further if necessary. If there is a chance the business or customer in question pays you before the letter reaches them, you can apologize and assure the recipient you will not disturb them about it anymore.
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