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🎯
What type of business are you?
This helps us set the right defaults for your industry
💡 Each industry has different payment norms. Select yours and we'll pre-fill sensible defaults.
💼 Professional
Services
Consultants, accountants, lawyers
🎨 Agencies &
Creatives
Marketing, design, video, PR
💻 Tech &
Digital
Developers, IT, SaaS, web
🔧 Trade &
Construction
Builders, electricians, plumbers
🏭 Wholesale &
Distribution
Suppliers, distributors
👥 Recruitment &
Staffing
Agencies, headhunters, temp
🚚 Logistics &
Transport
Haulage, couriers, freight
🎓 Training &
Education
Corporate training, coaching
✍️ Freelancers &
Contractors
Writers, photographers, VAs
📋 Other /
Custom
Set my own defaults
🏢
What is your company name?
The business name that will appear on invoices
📋
Company registration details
Optional but adds professionalism
💡 Find your company number at Companies House. Leave blank if not registered.
📍
What is your business address?
Full registered business address
📅
When is payment due?
Number of days after invoice
ℹ️ Standard UK terms: NET 30 (most common for B2B). NET 14 for faster payment. NET 7 for immediate needs.
📆
Payment terms calculated from?
When does the payment clock start?
📅
End of Month
(EOM Terms)
🚚
Delivery Date
(For Goods)
💰
Late payment interest rate?
Statutory or custom rate
ℹ️ UK Statutory Rate: Bank of England base rate + 8%. You can charge this automatically for B2B debts under the Late Payment Act.
⚖️
Statutory Rate
(Base + 8%)
✏️
Custom Rate
(Set Your Own)
💼
Debt recovery costs?
Fees for chasing late payments
ℹ️ Statutory costs: £40 (debts under £1K), £70 (£1K-£10K), £100 (over £10K). You can claim actual costs on top.
⚖️
Statutory Costs
(£40-£100)
💷
Actual Costs
(Reasonable)
💳
What payment methods do you accept?
List all accepted methods
💡 List all methods you accept. Be specific about bank details if needed.
🏦
Include bank details in terms?
For direct bank transfers
✅
Yes, Include
Bank Details
💷
What currency do you invoice in?
Primary invoicing currency
📊
How do you handle VAT?
Prices inclusive or exclusive
ℹ️ Standard UK VAT is 20%. Most B2B invoices show prices exclusive of VAT (VAT added). B2C often inclusive.
✅
VAT Included
(Inclusive)
💵
Require upfront deposit?
Payment before work begins
ℹ️ Deposits protect against non-payment. Common for large projects or new customers. 20-50% is typical.
📊
Use stage/milestone payments?
Payment tied to project phases
ℹ️ Stage payments spread payment across project phases. Good for long projects. E.g., 30% on start, 40% mid-project, 30% completion.
🔨
Do you use payment retention?
Common in construction and trade
🔧 Trade & Construction: Payment retention holds back a percentage (typically 5%) until the defects liability period ends.
❌
No Retention
Full payment on completion
✅
Yes, Use Retention
Hold back % until defects period
🔒
Retention of title clause?
You own goods until paid
ℹ️ Retention of title means you own the goods until payment is received. Essential protection if customer doesn't pay. "Enhanced" covers all debts.
⚖️
How long to raise invoice disputes?
Days to query an invoice
ℹ️ Time allowed to raise genuine disputes. Prevents frivolous disputes delaying payment. 7-14 days is standard.
📧
How should customers raise disputes?
Contact details for invoice queries (optional)
💡 Providing contact details makes disputes easier to resolve. Leave blank if not needed.
📋
Any additional terms?
Custom clauses specific to your business (optional)
💡 Add any business-specific terms not covered above. Leave blank if not needed.
👥
Recruitment & Staffing Terms
Customize your agency-specific payment terms
💡 These terms are standard in the recruitment industry. Adjust to match your agency's policies.
?
If a placed candidate leaves early, the rebate period determines how long the client can claim a refund.
?
Sliding scale reduces liability over time. Flat rate maintains 100% refund throughout. Tiered steps down at intervals.
?
Offering a replacement candidate as an alternative to refund can protect your revenue while keeping clients happy.
?
When your placement fee becomes payable. Start date is most common but acceptance gives earlier payment.
?
If a temp worker is hired permanently by the client, this fee compensates you for loss of the ongoing temp margin.
?
Minimum period before temp-to-perm conversion fee applies. After this, client can hire without fee.
🚚
Logistics & Transport Terms
Customize your transport-specific payment terms
💡 These terms are standard in the logistics industry. Adjust to match your company's policies.
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What evidence is required to confirm delivery before payment disputes can be raised.
?
Time limit for clients to dispute delivery after receiving the POD.
?
Charges applied when vehicles are delayed beyond free waiting time at collection/delivery.
?
Grace period before demurrage charges begin. Industry standard is 30 minutes.
?
Whether fuel surcharges may be applied when diesel prices exceed your base rate.
?
The standard industry conditions that limit your liability for loss or damage during transit.