►► Grab your OSOME discount with code SOPH100: https://osome.com/uk/referral/ecommerce-100/?ref=sophiacarey1&aff_name=Sophia+Carey&coupon=Soph100 Dealing with payments, getting paid (or not getting paid) and sending invoices are just some of the intricacies of running your own business and of freelancing. As a creative freelancer, the admin side of my business tends to take up a great deal of my time -- mostly because it's a constant learning experience. In today's video, we go through how to set up your invoice, look at some of the financial jargon that you might encounter, and discuss how to set and charge late fees and interest for those unpaid invoices. ►► Late commercial payments: charging interest and debt recovery: https://www.gov.uk/late-commercial-payments-interest-debt-recovery Connect with me: Instagram: https://instagram.com/sophiajcarey Twitter: https://twitter.com/sophiajcarey http://www.sophiacarey.co.uk/ 0:00 Introduction 2:53 Deposits 5:09 Charging the Remaining Fee 5:31 Creating Your Invoices 10:34 Late Payments & Unpaid Invoices 12:05 Late Fees & Interest 15:32 Avoiding Late Payments 17:24 Charging Late Fees -- (Affiliate disclosure: Using some of the above links to purchase items may result in me earning a small commission at no extra cost to yourself) #Business #Freelancing