Do you feel the same way? We've only just returned from our summer holidays and we're already slipping into the new year with lots of good intentions. For some of them, however, it is too late - for example, for all outstanding bills from 2012, which will become statute-barred at the turn of the year. You still have the chance to claim all outstanding amounts.
It is important ?today rather than tomorrow ? to draw up a written invoice and to Proof of dispatch to withhold. Especially if there is no documentation of the previous billing letters yet.
TipFirst of all, check whether the debtor - e.g. the company - still exists and whether the address data is correct.
Fixed payment date for invoices
Furthermore, it makes sense to set a fixed deadline for payment. If this deadline is not met, you can cancel your requirements to the lawyer you trust, who can ensure that your debt claim is not time-barred.
Caution: The debtor can use the 'plea of limitation' as a legal remedy for time-barred claims in order to make your claim legally void. Therefore, it is important to add a statement to your invoice on the Waiver of the defence of limitation be enclosed. This should include a date by which the new deadline for payment of the debt will expire. But be careful this time!
When the court is not worth it
As always, in the case of legal disputes, it is necessary to consider whether it is worth the effort. With low requirements and little chance of success, you can save yourself the procedure. And usually these are the debts that have been forgotten.
The statutory limitation only applies, of course, if in the Contract no other regulation has been established. Then you can face the end of the year calmly!
The annual financial statement work is one of the most important requirements for analysing the development of a company. Therefore, before auditing the ...Continue reading ?
Every year the turn of the year in SAP Business One is coming up. Anything you only do once a year is...Continue reading ?
Initially "only" a bidirectional interface to DATEV finance was planned. But when we talked about this development with more and more ...Continue reading ?
Accruals and deferrals are an essential accounting task when it comes to the period-end closing, for example when preparing the annual financial statements...Continue reading ?
Taken by itself, the term "consolidation" simply means that one brings a certain fact into context. In the world ...Continue reading ?
A balance confirmation makes it possible to check the correct amount of receivables and payables to your business partners. With the Versino...Continue reading ?
All companies today have to observe the GoBD-compliant storage of certain documents. Proper archiving alone is not enough. In ...Continue reading ?
Manually entering and processing paper-based invoices is a time-consuming and costly process in accounts payable...Continue reading ?
A new reference book on SAP Business One (B1) has been published. With "Quick Start in SAP Business One - Finance" all ...Continue reading ?
At the beginning there is the outstanding idea and/or the unique selling proposition that promises big profits. After founding the start-up, there is ...Continue reading ?
The financial module of an ERP software is the component that performs almost all of the most important accounting and financial management functions of a company within the ...Continue reading ?
Sectors such as plant engineering or the construction industry usually provide contractually agreed services over a longer period of time. The client will...Continue reading ?
With the Versino Financial Suite, users of SAP Business One can now use another alternative strategy for converting the ...Continue reading ?
The fact that the upcoming conversion of VAT will not be as easy for companies to handle as it was announced should ...Continue reading ?
In a lengthy statement, the German Association of Tax Advisors commented on the temporary reduction in VAT rates. The content of the text...Continue reading ?
The reduction in Value Added Tax (sales tax) is a measure to mitigate the economic impact of the Corona crisis that has taken many by surprise. Formal...Continue reading ?