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Old 08-03-2003, 10:41 PM
GLAN GLAN is offline
Join Date: Jul 2003
Location: Long Island, New York
Posts: 1,650
Originally posted by quiet

2) I bill customers monthly via mail, and commence a new billing period on their start date. For example, if I started working for a client on the 12th, they get billed every month on the 12th. I have cash flow throughout the month.

Never heard that before. Yes sir, can see what your saying about the cash flow.

Allow me to ask.

Is that alot of paper work? You can probably do billing every day of the month. And what about those that do not pay on time. Are you set up "Due on receipt" or net 15 - 30? Doesn't that get a little hairy to keep track of?
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Old 08-03-2003, 11:03 PM
quiet quiet is offline
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Join Date: Jan 2003
Location: Georgetown Texas
Posts: 720
a lot of paperwork? No more than billing on the 1st or 30th . . . just spread out! Or did I misunderstand your question?

I was too cheap to buy anything other than Quicken for my accounting ($75 at Sam's), but I can see having to upgrade soon. For now Quicken meets my basic needs, though. I set up customers on Net 14 days. Quicken generates the invoice, and moves it to a list of unpaid invoices and aging. Billing throughout the month (yeah, just about every day) allows me to review aging, know who my outstanding receiveables are, etc.
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Old 08-04-2003, 06:30 PM
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BSDeality BSDeality is offline
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Join Date: May 2003
Location: Fairfield County, CT
Posts: 2,851
i split my clients 50-50 on billing on the 15th and 31st. i use a net-15 pay setup too, i think net-15 works better cause they don't see the "oh i've got 30 days to pay this, i'll just put it back here behind all my other bills"

I've only had one late payment, and that was a from a scumbag that was tryin to get out of paying for services. he was dropped at the blink of an eye soon as i had cash in my hand. (after his first check bounced)
Efficiency = Profit
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Old 08-04-2003, 06:34 PM
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ElephantNest ElephantNest is offline
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Join Date: May 2003
Location: La.
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Striping roller for 21" can be found here.
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