How to get clients to pay on a timely manner?

[Niheel]

What are some suggestions to help get clients to pay in a timely manner? We have office and overhead costs that need to be covered and would like to make sure that there is revenue coming in regularly to meet these costs.

[Judy Keane]

Whenever possible I arrange to bill clients on a monthly basis. It is also important to set the terms of payment in advance and even make it part of any contract.

[MMcCarthy]

I set out the terms of payment in the contract but I don't always get to choose them. Some clients operate under standard conditions. For instance, one of my current clients has a 60 days from date of invoice policy. There is no way for me to get around that. However, they pay promptly on those terms.