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Don't punish them for paying late, reward them for paying on time. $200 hr 30 day net, 25% discount ($150) if paid within 15 business days. [1] Some companies
by chrisbennet 10y ago
Don't punish them for paying late, reward them for paying on time.
$200 hr 30 day net, 25% discount ($150) if paid within 15 business days. [1]
Some companies have a policy of borrowing money they owe, well everyone, for 30 days because it financially benefits them. Change the calculus for them.
[1] And yes I've done almost exactly this. (It was 10 days, not 15.) I was actually kinda happy when they were late.
- tonyedgecombe 10y agoUsually they just take the discount and pay late.
- chrisbennet 10y agoHasn't been my experience but I suppose it depends on your clientele.