Originally Posted by Trell
14 Days I wish !!! generally 3 Months, maybe I should follow my accountants lead, He puts on an extra 10% if the bill is not paid within 14 days, apparently it's legal, but I know what would happen if I tried it ......
I tried something similar a few years back, all my advertised prices were "cash prices" and anyone paying on invoice was billed the full RRP with a 10% discount for paying within 14 days.
It worked to an extent, people would pay after about 21 days but the discounted amount leaving me to quibble over the date they wrote/sent the cheque etc etc.
My solution now is to to break jobs and orders up into smaller morsels, once the first part is paid for then and only then do I get on with the second part. Obviously this does not work in every scenario but then again there are some customers who pay on the nose.