Debt Collection in Accountancy Services
Debt collection in the accountancy sector can be a challenging process due to the typical issues that lead to non-payment within the sector. Common concerns include disputes about the quality of deliverables and disagreements about the number of billed hours. Another potential reason is that clients may simply be facing financial difficulties.
Regardless of the reason, an increasingly large number of accountants are confronted with a declining payment morale among their clients.
With different reasons for non-payment, having a versatile and decisive debt collection partner is essential. Unlike regular debt collection agencies, our in-house team of 115+ international lawyers and debt recovery specialists combines industry-specific expertise with a wide range of legal tools and 70+ years of experience to provide the best solution for every situation.
Debt collection in the accountancy sector
In general, the accountancy services report a payment term of more than 30 days. In most cases, accountants are the last in line to get paid. Claims for unpaid invoices within the accountancy sector are difficult to recover. It is important to manage the expectations of your client and clarify the possible outcomes and procedures. If these are not managed sufficiently or if your client believes that excessive claims have been made by an accountant, your client may refuse to pay. Similarly, if your client is not satisfied of the quality of work, you may have an unpaid invoice.
General code of conduct in accountancy
If you have a claim, and you wish to retrieve this either with or without legal action, there are several rules you must abide to as described in the general code of conduct in accountancy. The general code of conduct in accountancy describes that selling or assigning claims against a client is not allowed. Transferring the case to a third party who is not a subject to similar regulations regarding confidentiality, is also forbidden. If you have an unpaid invoice, you cannot involve a bailiff because they do not adhere to the same confidentiality regulations.
As you may be dealing with sensitive information such as annual reports and reports on the performance of your clients, it is of utmost importance that accounts adhere to the disciplinary rules.
We understand the frustration you may experience with an unpaid invoice. Ideally you would want to receive the payment that you are entitled to, but you may be restricted in the steps you can take. And while not all collection agencies and law firms are equipped with the right resources for this specific type of debt collection, you can rely on Bierens to help you retrieve your unpaid invoice.
How can we help you?
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Our working method – No Cure No Pay
During the extrajudicial phase, we work based on No Cure No Pay. We believe it is important to try to solve the case during this phase, without court intervention. You will only have to pay €185 for administrative costs. Should legal action be necessary, then we can help you perform a credit check and analyse your debtor’s financial status. We will discuss the costs with you and will only start working on your case after receiving your permission.
International debt collection in legal services
If your client is located abroad, you may also encounter an unpaid invoice. Our team of international experts can get your debtor to pay. They have the knowledge and experience with both national and international debt collection in the legal service sector.
Advantages when hiring our debt collection lawyers
Debt collection lawyers in accountancy services
We understand the payment behaviour of companies in the accountancy sector. We know how such agreements should work in theory and in practice. Therefore, we believe that it is important to provide practical advice that is as close to normal business operations as possible. For instance, we look at your operations and see how we can build in checks and balances. In addition, we also ensure that these checks and balances are implemented and executed in the right way.
Our specialists
For years, Bierens has helped many companies across different industry sectors. Our team of debt collection lawyers also specialise in international debt collection. Whether you have a debt collection case in your own country or abroad, our lawyers have the expertise and knowledge to help you.
Do you have a client in the accountancy sector who has left your invoice unpaid? Have their expectations not been managed, or do they refuse to pay because they disagree with the claimed amount? Do you no longer want to wait for your payment? Then send us your invoice right away. Our specialists will immediately start working on your case.
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