In an ideal world, all your clients would pay for your services in full and in a timely manner. Unfortunately, we don’t live in an ideal world, and too many clients aren’t just going to pay late, they are going to not pay at all. They may not have the money to pay, or they may flat out refuse to pay.
Collecting that payment can end up costing you more than the payment itself. Even if you are only sending notices and making calls, the costs of printing, postage and time add up quickly. When you have to hire a lawyer or a debt collection agency, the cost gets even higher.