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YWCS

  • Posts: 232
Re: How to stop late payment
« Reply #20 on: December 22, 2011, 11:20:32 am »
I do agree with you mostly, but for example, I have one customer that I clean every 6 weeks, it a good job that pays over £260 per clean. now this company is a very large multinational and their payment terms for ALL suppliers are 35days from end of month, which in reality can mean I am waiting upto 2 months for payment, depending on where in the month the clean has fallen but even on a best case where the clean is at the very end of the month, I am waiting 36days.

The payments are like clockwork and on the 35th day after the end on the month that the job was invoiced the payment will be in my account - without any variation.
I have done this job for 17yrs and the only time they have been late is on the very rare occasion where they have maybe had a technical issue with their accounting system.

so do I dump them because they wont pay me in 28 days? of course not.

YWCS

  • Posts: 232
Re: How to stop late payment
« Reply #21 on: December 22, 2011, 11:23:38 am »
ps
there a quite a few other jobs on my books that work similarly and I'm not gonna dump them either, they have paid my mortgage off for me  ;)