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I put 'payment due on receipt of invoice' right on the invoice. That's worked for me even at large companies with policies of net-30, net-60 or even net-90. I s
by JoeAltmaier 6y ago
I put 'payment due on receipt of invoice' right on the invoice. That's worked for me even at large companies with policies of net-30, net-60 or even net-90. I submit; the payment shows up in a week or so.
Another way: give a 2% discount for payment within 30 days. Haven't met an accountant that passes up a discount.
- softwaredoug 6y agoI think this works for a small company, but large companies, that outsource their payment team, they probably don't care... They usually don't want to deal with anything weird from a vendor, or if they do, they'll screw something up with payment.
- viraptor 6y agoSometimes they really don't care. My favourite is a corp which always pays on the last possible date - they managed to miscalculate holidays one day and get one of their large office buildings disconnected from the grid for non-payment - possibly offsetting all the money they gained on delays with that lost productivity.
- JoeAltmaier 6y agoBig companies too. Its all down to whomever enters the invoice in their payment system. That's one person, never mind the size of the company.