When the temperatures rise, so do missed payments.
Summer brings a unique set of challenges for businesses trying to stay on top of accounts receivable. With vacations, moves, and flexible schedules in full swing, it’s easy for bills to fall by the wayside. At Aldous & Associates, we know how seasonal slowdowns can lead to payment problems—and we’re here to help you stay ahead of them.
Here are our top tips for avoiding “cold payments” this summer:
1. Set Clear Expectations Early
Whether you manage properties or run a membership-based business like a gym, now’s the time to remind customers or tenants about due dates, late fees, and payment policies. A simple email or in-app message outlining your expectations can make a big difference in keeping accounts current.
2. Automate What You Can
Summer schedules are unpredictable—for both your team and your customers. Automating rent or membership reminders, due date alerts, and even follow-up emails keeps communication flowing without putting extra pressure on your staff.
3. Communicate Before Vacations
If a member or tenant mentions they’ll be traveling or moving, be proactive. Ask them to schedule payments in advance or confirm a forwarding address. A quick check-in now can prevent a collection effort later.
4. Offer Flexibility
Unexpected expenses—like summer camps, travel, or moves—can throw people off financially. By offering payment plans or short-term grace periods, you show good faith and often recover payments more successfully.
5. Don’t Wait Until It’s Too Late
The longer a balance goes unpaid, the harder it is to collect. If an account hits 90 days past due with no response, it’s time to bring in a trusted partner. Our team at Aldous & Associates works respectfully and professionally to recover what’s owed—without burning bridges.
Keep Things Warm—Not Cold
You don’t have to let unpaid accounts freeze your bottom line. With the right communication, tools, and support from Aldous & Associates, you can keep your business running smoothly all summer long.
Need help collecting on past-due accounts?
Let’s talk—before summer slips away.