Sole traders urged to keep on top of timesheets

Date: 8th July 2010

Sole traders operating in the UK that are concerned about late payments could be among those encouraged by recent advice from one specialist website.

News and information provider Contract Eye has advised sole traders and other contractors that they can minimise the risk of late payment by ensuring they are on top of their timesheets.

The website urged contractors to establish who will be responsible for counter-signing their documents immediately after a contract is agreed upon.

It also said a secondary person should be appointed so that documents can be completed in the primary signatory's absence.

"Many contractors will have stories to tell about the difficulties they have had getting their timesheets signed on time," the website explained.

"You will typically need to submit your timesheet within a fixed time window to guarantee prompt payment. If you miss the cut-off date, you'll have to wait until the next weekly or monthly payment cycle," it added.

Posted by Thomas Fletcher