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Neil Gornall

  • Posts: 640
Re: Anyone gone back to collecting?
« Reply #20 on: May 03, 2011, 08:10:19 pm »
How exactly are you going to gain by going back to collecting?

It makes no sense to me at all.

You say that for the last 6 - 7 years you have relied on customers to send payment, you now have around 1k outstanding on a regular basis, if you have managed till now then whats the problem? you run your business and personal life from your income.

If you start to collect,  then for a short while your "takings" will increase but NOT your turnover or profits.

After a few months you will be bringing in exactly the same each month as you are now only YOUR workload will have increased.

It makes no sensai

g newton

Re: Anyone gone back to collecting?
« Reply #21 on: May 03, 2011, 08:31:49 pm »
We have had this and as I have a 14 days payment scheme...it can get very high the amount owed, so we now have our t&c's and in them it is clear that should a customer choose to pay in excess of 14 days, then we charge a 5 euro late fee for every payment request.

It is working well...

you say 5 euros do you work outside the uk

Dave Anderson

  • Posts: 787
Re: Anyone gone back to collecting?
« Reply #22 on: May 03, 2011, 08:36:22 pm »
>> G. Newton...yes mate I am trapped in the land of clogs, cheese and bad driving...
The more I know the less I know I know ...

LWC

  • Posts: 6824
Re: Anyone gone back to collecting?
« Reply #23 on: May 03, 2011, 09:16:58 pm »
How exactly are you going to gain by going back to collecting?

It makes no sense to me at all.

You say that for the last 6 - 7 years you have relied on customers to send payment, you now have around 1k outstanding on a regular basis, if you have managed till now then whats the problem? you run your business and personal life from your income.

If you start to collect,  then for a short while your "takings" will increase but NOT your turnover or profits.

After a few months you will be bringing in exactly the same each month as you are now only YOUR workload will have increased.

It makes no sensai

Dont know, suppose im just getting sick of it being outstanding all the time. Also change in my wifes circumstances with work.

Obviously turnover or profits wont increase. But money WILL be in my pocket at end of week, not end of next month.

cozy

Re: Anyone gone back to collecting?
« Reply #24 on: May 03, 2011, 09:25:12 pm »
>> G. Newton...yes mate I am trapped in the land of clogs, cheese and bad driving...

Try driving on our autobahns Dave!!! ;D

dazmond

  • Posts: 23980
Re: Anyone gone back to collecting?
« Reply #25 on: May 03, 2011, 10:38:11 pm »
nothing wrong with collecting if its localish.whats the problem guys?takes an hour or so of your time once a week!some of you are only working until 3pm anyway! ;D ;D ;D

keeps the cash coming in.i got £400 in today.better in my pocket than theirs!! ;) ;D ;D ;D
price higher/work harder!

Dave Anderson

  • Posts: 787
Re: Anyone gone back to collecting?
« Reply #26 on: May 04, 2011, 05:41:45 am »
Cozy it's not the Autobahns that concern me but all the paperwork! ;)
The more I know the less I know I know ...