Change in terms

[KLC]

I have a commercial account that was setup on a verbal agreement. I know, should have had a contract...

Heres the deal. Originally set up as NET 10. When the checks for services came in around 30 days I changed it to upon reciept to try and make their pencil pushers get checks out faster. Numerous phone calls later they are still at least 30 days out on payment. I cut every 2 weeks so you can see how they are using my money...

With the last invoice I printed I added the footnote in BOLD that 3% should be added to any invoice that is 30 days or more delinquint. Now that my terms are upon reciept anything later than 30 days should have an additional 3% tacked on...

Next year I plan to have a written contract and go on monthly prepaids with this client. If I dont have payment by the first of the month, services will be suspended.

Aside from my being really patient and not having a written contract in the beginning, have I been playing a pretty fair game with his company???

[charmill26]

from what i've heard/read alot of people receive payments even later than that.

[Bobbygedd]

there is a fine line between "fair" and "sucker". you are being taken advantage of

[Scaper-S2k]

Net 10 for commercial? Good luck.


That's almost an impossible thing for MANY commercial places to do, even if the wanted to.


Many managers will send their invoices to the head office. Sometimes that head office will send them to the national head office in a different state.

They'd be lucky to even get the invoice into accounts payable within 10 days.



I have only one commercial account that pays in a week or so. That's because the head office is actually in our city.

[KLC]

I leave my bill at the local office. It is then transferred at the first of the coming week to a neighboring city. From there it should be processed and mailed to the mother ship and finally I get a check. All I have been after is to get paid in 30 days. The girl who does everything at this satellite office told me that if I went NET 10 I should get it in 30... The last two times I got paid it was almost 6 weeks.

[highlander316]

i usually get w/ in two weeks on my commercials. One's worldwide headquarters is right down the road from my house, and the other, I know the VP there so she gets the checks out right away.

[green_with_envy]

I do a Bank chain. Usually get payment within 5 days. They are awesome to work for. Faster than my most of my residential accounts.

[GeorgiaLandscaper]

At least 30 day turn around on most of my comercial accounts.