Business Owners: When Should You Accept a Settlement on an Old Invoice?
As a business owner, you may occasionally be left holding an old unpaid invoice. After a while, you may want to cut your losses and accept less than your client owes you. This is called a settlement, and at times, it can be a strategic part of collecting unpaid bills. Wondering if you should accept a settlement from a client? Here are some signs you should: 1. You have terminated the relationship with that client.