Asking for money is the hard part
Most people do not lack a reminder, they dread the conversation. Statutory interest changes it from a favour you are asking into a figure you are owed.
Get paid without the chase.
Day rates, mixed work on one document, VAT in both directions, and what you are legally entitled to add when someone pays late.
What goes wrong.
These are the things people actually lose money and hours over.
VAT worked out backwards
Taking 20% off a gross figure is not the same as removing 20% VAT. In £1,200 including VAT the VAT is £200, not £240. A sixth, not a fifth.
Not knowing whether to register
The threshold tests taxable turnover, so exempt income never counts toward it. Plenty of people register when they did not need to.
Fixing an invoice that was wrong
You correct it with a credit note against the original number, not by deleting and reissuing. Deleting breaks the audit trail.
Ask in ChatGPT
Try it without an account.
Connect FIGURX in ChatGPT and ask any of these. Every answer is calculated, and nothing is sent, filed or recorded.
- I was paid £1,200 including VAT at 20%. What was the net?
- An invoice for £3,000 is 60 days late and base rate is 4%. What can I claim?
- I overcharged invoice INV-104 by a day. Draft the credit note.
- Quote for 7.5 days at £550 plus VAT, valid 30 days
Open ChatGPT
Copy the address, then add it in ChatGPT under Settings, Connectors.