invoicing poll - monthly or as needed or other

[birddseedd]

Originally Posted by JimMarshall

Once a month, net 30 days.... except for one customer that wouldn't sign a contract with anything other than a 2% 10 Net 45 payment term.

as in charge 2 percent interest on late amounts?

[grandview]

No,2% discount if paid within 10 days.

[birddseedd]

Hmm. Maybe ill offer that to one of my customers. He is always late. How do you calculate 10 days for people who receive their bill by mail. They may not receive their mail for 4 days if sent USPS

[BigLou80]

I create invoices for all aspects of my business on an as needed basis but never more then twice a month. I think constant invoicing makes you look broke and desperate. Even in my construction business when I finish a small project I almost never have an invoice ready( unless I was doing invoices the day before) to ask for money, I won't turn down a check if some one walks up to me with check book in hand at the end of a job but I still have to mail them an invoice at a later date. I also almost never ask for deposits on jobs under $25,000 and even then it depends on the job.

If I plowed more then 4 places for $$ ( some how my wife has turned me in to charity plowing) I would only invoice once a month.

[JimMarshall]

Originally Posted by birddseedd

Hmm. Maybe ill offer that to one of my customers. He is always late. How do you calculate 10 days for people who receive their bill by mail. They may not receive their mail for 4 days if sent USPS

Discount is from the date of invoice. They pay me direct deposit, but in a postal mail situation, i consider the bill as being paid if the check is postmarked within 10 days.

Late fee is 18%apr

[tuney443]

My wife bills within 1 or 2 days after the event.Some clients are on a 2 week payment due,some 30 days.Works for me.No opinion asked for,none given.

[SnowGuy73]

Monthly, end of each month.

[scott3430]

^ same here, I mail them the last day of each month no matter what season it is. I have 1 commercial customer that wants to pay me cash after each push, - It's a good feeling plowing it knowing I'll get the $ right when I'm done.......

[sven1277]

In the summer months, I bill monthly. The last 2-3 years, I have started billing more frequently for snow. Mostly so the storms are fresh in people's minds when the bill arrives. I have never had a lot of questioning about services performed, but billing this way has decreased questions to "0".

[DodgeBlizzard]

Used to do it monthly. But now we email them out pretty much after every storm. Customers don't enjoy those huge end of the month bills.

[Landcare - Mont]

Our customers are on seasonal contracts for clearing - most have salting, hauling, etc. extra. We invoice in 5 instalments - the first of each month starting November. Our terms are "payable upon receipt" and we collect 75% of our monthly invoices within 30 days. The extras are generally invoiced twice a month - on the 15th and at the end. Seems to be acceptable to our clients.

[ryde307]

We invoice for snow after each event. If there are multiple days we will wait for the series of days to be over and bill then. It comes out to 2-4 times per month typically.

[KBTConst]

Used to bill the 1st and 15th of every month that was 20 yrs ago. It got to be to much paper work now it's the 1st of the month but it helps that all my customers get the check in the mail as soon as they get the bill. But I have had most of my customers over 15 yrs that helps alot.