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How long do you give your customers to pay you, and do you charge late fees if so how much do you charge them
billing
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We put " Due on Rec" on our invoices but we give them 30days to pay.
Our Seasonal's are due on the 15th of each month.
Our Seasonal's are due on the 15th of each month.
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Same Here
Al
Same here... but we add 3% late fees after 30 days....... we don't get many late payments,,,. wesportClapper&Company;469924 said:
Al
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we do that too, due on receipt, 30 days before the late fee kicks in. This set of invoices only has 1.5% a month printed on it and honestly that's not enough. After these are gone, the next set we have printed will say 3% a month. After 2 to 3 weeks if it hasn't shown up, I give a reminder call. "hey, did you get that bill?" friendly type (and things do get lost in the mail, it happens to all of us).
after 32 days, I put out an official "late notice" stamped letter. "Your payment is now 30 days overdue, please remit payment immediately". (invoice number, amount, date of service and the 1.5% late fee.
65 days gets the same thing, plus another 1.5% on top.
75 days gets a last call.
90 days gets another letter that's sent registered mail plus another 1.5%
at 100 days I just turn it over to a collection agency and write it off. (hasn't happened yet in 5 years, but that's our policy)
I don't do business with people who are over 30 days overdue. If it's snow removal, it stops until I'm paid. (it's never happened, but again, that's our policy).
HTH
after 32 days, I put out an official "late notice" stamped letter. "Your payment is now 30 days overdue, please remit payment immediately". (invoice number, amount, date of service and the 1.5% late fee.
65 days gets the same thing, plus another 1.5% on top.
75 days gets a last call.
90 days gets another letter that's sent registered mail plus another 1.5%
at 100 days I just turn it over to a collection agency and write it off. (hasn't happened yet in 5 years, but that's our policy)
I don't do business with people who are over 30 days overdue. If it's snow removal, it stops until I'm paid. (it's never happened, but again, that's our policy).
HTH
I drop off the bill within 5 business days of plowing, they then have 10 business days to pay the bill. More than two deliquent bills will result in a discontinuation of service until all bills are paid in full. Starting at 30 days late a 10% is added, and then another 10% added for every 10 days until paid.
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Thanks for all of the input.
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NO.cod8825;470962 said:
I have to write this because just saying NO would not let me post.
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I have on my invoice that "Payment is due within 10 days" or "Payment is due by Feb 10 (put a date on it). I have found that if you say "due upon reciept" that can be put on the back burner and to some customers it means "pay when you get a chance".
I also stop services after 45 days when mowing and after 15 days when plowing. Season is to short plowing to not get paid after 45 days. That could mean 0 - 10 plowings and that is alot of money.
On landscape projects, I get 1/2 upon contract signing and the other 1/2 at completion of the project. I leave the customers house paid in full.
I also stop services after 45 days when mowing and after 15 days when plowing. Season is to short plowing to not get paid after 45 days. That could mean 0 - 10 plowings and that is alot of money.
On landscape projects, I get 1/2 upon contract signing and the other 1/2 at completion of the project. I leave the customers house paid in full.
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We put "Due 10 days from date of service" on our invoices. For the most part, everyone pays within the time frame. I do have 3 I'm chasing this year, about average.
Unfortunately, I give people as long as it takes for them to pay me. This can be up to years and years. My TERMS are net 7 days. Unfortunately, I dont control other peoples checkbooks. You can call and harass and everything else, but at the end of the day, if they dont want to send you your money, your not going to get it. I had one guy file banktruptcy on me. He still owes me $850 from 4 years ago. I might get it someday, or I might not. Nothing I could have done would have gotten me paid though. I guess thats what you get for being Mr. Nice Guy
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I had a new customer call and want service. I sent him a contract. I plowed him several times with out gettting paid or contract. I stopped plowing him on this last storm and got a call that night saying the check and the contract is waiting for me to pick up in the a.m.
If you don't get paid, stop working.
If you don't get paid, stop working.
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