Financial Matters

Every business is set up with the fundamental aim of making profit. In order to do this, proper handling of financial matters is of utmost important, for mishandling will certainly result in the collapse of the business.


Making payments, collecting debts, sending invoices, etc. are all part of the process of managing the finances of business. Then there are banking needs like paying in and withdrawing money, getting an overdraft etc. To get these things done quickly and efficiently we routinely use ready-made forms, cheques, receipts, pay-in-slips, etc. However not all things can be done with ready-made forms, etc. We still need to write letters.


The following are some sample letters written for various situations. Some of them are standard letters that are used so frequently that the contents may be stored in a computer and reproduced whenever necessary. The only things that need to be typed in are the name of the person, address, date and some relevant information.


The others letters are for not-so-frequent situations that you might encounter.

  1. Sending a statement of account and asking for payment

  2. Disputing Statement of Account

  3. Sending payment

  4. Notifying recipient of overdue bills

  5. Reminding recipient of overdue bills

  6. Sending second and final reminder for overdue bills

  7. Correcting error in statement

  8. Sending receipt

  9. Asking lawyer to collect overdue amount

  10. Asking lawyer to proceed with legal action

  11. Asking for more time to settle an account

  12. Complaining of bad cheques and asking for bank draft as replacement

  13. Enquiry about discount rate

  14. Reply to enquiry about discount rate - example 1

  15. Reply to enquiry about discount rate - example 2

  16. Asking for more discount

  17. Giving more discount

  18. Refusing to give more discount

  19. Credit enquiry

  20. A favorable credit reference

  21. An unfavorable credit reference

  22. Giving credit

  23. Refusing to give credit - example 1

  24. Refusing to give credit - example 2

  25. Notifying customer about exceeding of credit limit

  26. Withholding order until debt is reduced

  27. Sending payment to reduce debt

  28. Withdrawing credit

  29. Sending post-dated checks as payment and pleading for continuation of credit

  30. Allowing continuation of credit

  31. Request for higher credit limit

  32. Opening a current account

  33. Request for a new check book

  34. Stopping payment of a check

  35. Stopping payment of lost check

  36. Informing bank of lost blank checks

  37. Informing bank of stolen blank checks

  38. Informing bank of change of signatures

  39. Instructing bank to pay standing order

  40. Error in bank statement

  41. Omission in bank statement

  42. Sending corrected statement

  43. Request for an overdraft

  44. Offering overdraft facility

  45. Refusing to provide overdraft facility

  46. Asking bank for advice on investment

  47. Giving suggestion for investment

  48. Instructing bank to make investment

  49. Loan enquiry

  50. Reply to loan enquiry

  51. Applying for a loan

  52. Approving a loan

  53. Refusing a loan

  54. Reminder for late payment of loan

  55. Leasing equipment

  56. Advice of an overdrawn amount

  57. Reply to advice of an overdrawn account

  58. Disallowing rebate

More Business Letters