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Penalty clauses are not always enforceable. Early payment discounts are... I mentioned it in my post, but the number one reason a reasonably sized company doe
by jimnotgym 7y ago
Penalty clauses are not always enforceable. Early payment discounts are...
I mentioned it in my post, but the number one reason a reasonably sized company doesn't pay is that your invoice is not on their ledger. Call their accounts payable dept up after a few days, check they have the invoice, ask them when it will be paid. Don't be shy, this is what they expect!
- m0zg 7y agoDoesn't matter - they work anyway. Nobody in accounts payable is going to get into the details of whether things are enforceable or not. They'll just pay your invoice instead.
- taylortrusty 7y agoThis is not a universal truth. Discount incentives work much better. The clients who pay late will pay their invoices without the late fees anyway, in my experience. Now you’re tracking down payment for your work and the fees.
- m0zg 7y ago>> This is not a universal truth. Nothing is. >> Discount incentives work much better. This is not a universal truth. See what I did there?
- jimnotgym 7y agoIt depends, lots of larger professional ap just don't work that way. They don't choose when things are paid. They are trained to look for discounts though