Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Stranger · 01-01-2010, 10:57 AM

I've got a quick question for the self employed about overdue accounts. I'm a carpenter and do residential and commercial construction work. The odd time I get someone who doesn't pay a bill right away. I have been charging 2% per month on all overdue bills, but is there anyway I can charge 3% or another tactic to get customers to pay up quicker? A charge of 2% just doesn't seem to scare people into paying their bill or provide enough compensation to me. And when I'm putting up the material and labour I'd like to keep cheques coming in on a regular basis.

I know I could and have made calls to collectand I've taken money upfront, but for the bills that are only one or two months late there must be a way to either get people to pay right away or compensate my business enough.

This may be a stupid question and I know all businesses run into these problems, but I figured I 'd throw it out there and ask CP for ideas.

01-01-2010, 10:57 AM	#1
Stranger Powerplay Quarterback Join Date: Mar 2006 Exp:	Account overdue interest question. I've got a quick question for the self employed about overdue accounts. I'm a carpenter and do residential and commercial construction work. The odd time I get someone who doesn't pay a bill right away. I have been charging 2% per month on all overdue bills, but is there anyway I can charge 3% or another tactic to get customers to pay up quicker? A charge of 2% just doesn't seem to scare people into paying their bill or provide enough compensation to me. And when I'm putting up the material and labour I'd like to keep cheques coming in on a regular basis. I know I could and have made calls to collectand I've taken money upfront, but for the bills that are only one or two months late there must be a way to either get people to pay right away or compensate my business enough. This may be a stupid question and I know all businesses run into these problems, but I figured I 'd throw it out there and ask CP for ideas.