Write a letter
enclosing late payment cover.
This is to
inform you that we, hereby, enclose our payment in the amount of (amount) which should clear up any balance
in our account with you.
We are deeply
sorry that it has taken such a long time to remit our payment to you and we hope that you
will understand that we have been experiencing some extremely difficult cash flow
problems. However, we are happy to inform you that situation has improved immensely and
anticipate a good year.
We would like to
express our cordial thanks to you for your understanding and the courteousness you have shown our company during
this lean period.