+ Reply to Thread
Results 1 to 7 of 7
  1. #1
    Ultimate Member
    Join Date
    Oct 2001
    Location
    Wasilla
    Posts
    11,905

    People who don't pay their bills..?

    I've had problems lately with clients who just are not into paying their bill on time - if at all. I find myself sending out invoices and being ignored. While I understand that times can be tight for any small business, they shouldn't be having the work commissioned if they can't afford it.

    Any creative ways any of you guys can think of to get people to pay in full, on time?

    Thanks...

    Brandon

  2. #2
    Ordained Mommy NeoStarO1's Avatar
    Join Date
    Oct 2001
    Location
    Arizona
    Posts
    7,470
    Blog Entries
    1
    What are your terms? Sometimes giving terms like 2%/net15 will give people incentives to pay on time.

    Also another note if you don't have a late payment policy or non payment policy in force and you keep sending monthly invoices every single month, they will automatically know that you don't enforce policies however if that on or after the 90 day past due notice that all uncollectibles go straight to a collection agency. This sometimes will also prompt people to try and pay up thier bill.

    This is one of the risk of having AR accounts, you never know if you end up with uncollectables. Thus is why you need to have your policy inacted as well as late payment pentalites.

    Also if this is a constant problem you can also change policy to not accept reciebables that all work is due upon completion of the job. aka: COD

  3. #3
    nuisance since 1968 OuTpaTienT's Avatar
    Join Date
    Oct 2001
    Location
    ɐqɟs
    Posts
    10,457
    One word: Guido

  4. #4
    Determined Member RADAR1797's Avatar
    Join Date
    Oct 2001
    Location
    Pentagon, VA
    Posts
    3,802
    Is burning one at the stake an option? Just video and send to the rest.

    -RADAR
    "Men sleep peacefully in their beds at night because rough men stand ready to do violence on their behalf."

    -George Orwell

  5. #5
    Ultimate Member TOAD6147's Avatar
    Join Date
    Oct 2001
    Posts
    5,479
    I was thinking GUIDO and his BAT, Out.
    BTW, I am self-employed but most of my work is contract-based. Even then I require a substantial deposit, ususally 50% and another draw before completion and balance on completion. The little service type work I do I expect to be paid on delivery or completion. And there's very few instances in which I will accept excuses for not being paid before I leave the premises.
    [rant]I've been burned too many times and I have judgement papers that say people owe me enough money that I could retire on but the paper isn't worth squat.[/rant] Get your money COD unless they make arrangements before hand. And have a rebilling fine if not paid in a certain amount of time clearly printed on the invoice for those who say they need time to pay.
    Last edited by TOAD6147; June 11th, 2004 at 07:37 AM.

  6. #6
    Ultimate Member ShawnD1's Avatar
    Join Date
    May 2003
    Posts
    1,823
    Brandon, you have to stop accepting monthly payments and personal checks. At the store I buy computer parts from, they don't give parts to people or start building unless the entire bill is paid in full. They only accept cash, interac, and credit card - payments where they know they have the money.
    Anothing thing you should do is give discounts for cash payments. I know a few comp stores that do that... it's good to save $10 or $20 on a $200 item when paying in cash

  7. #7
    Ultimate Member RayH's Avatar
    Join Date
    Oct 2001
    Location
    San Francisco, CA
    Posts
    2,800
    Brandon Depending upon the type of business, you may do well to accept American Express. Eat the 5%. Let them do the money lending.
    RayH42450@gmail.com
    Please indicate you are from TechIMO in subject line so you don't get deleted as spam :)

Quick Reply Quick Reply

If you are already a member, please login above.

What planet do we live on?

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Anti-Smoking Nazis Strike in Indiana
    By Mr. Goodbytes in forum IMO Community
    Replies: 211
    Last Post: January 31st, 2009, 01:11 PM
  2. looking for free online bill paying
    By S.D.Willie in forum IMO Community
    Replies: 11
    Last Post: January 5th, 2004, 04:04 AM
  3. Greenspan's Comments
    By Pexster in forum IMO Community
    Replies: 13
    Last Post: November 6th, 2003, 04:02 PM
  4. [FAD] Team TechIMO welcomes Little Lad!!
    By sharder8 in forum Distributed Computing
    Replies: 13
    Last Post: May 27th, 2003, 01:30 PM
  5. People can be so stupid...
    By FreakyOCR in forum IMO Community
    Replies: 24
    Last Post: December 20th, 2001, 06:43 PM

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Copyright 2014 All Enthusiast, Inc