45 days 3rd invoice on 30 properties & no recievables

Discussion in 'Lawn Mowing' started by workinghorse, Jun 15, 2008.

  1. workinghorse

    workinghorse LawnSite Member
    Posts: 10

    This is my second year handling this account. It is a purchase order that usually pays every 30 days, or so it used to last year. What can I do?
  2. cpel2004

    cpel2004 LawnSite Bronze Member
    Posts: 1,416

    Call their accounting department or accounts payable, let them know the situation and ask is there any solutions to this matter. You can also bill one month prior. This is how I handle get ahead of the curve. You can start next month send your invoice for July in the beginning
  3. MowHouston

    MowHouston LawnSite Bronze Member
    Posts: 1,012

    Is this an REO account?
  4. workinghorse

    workinghorse LawnSite Member
    Posts: 10

    I dont know what an REO account is
  5. topsites

    topsites LawnSite Fanatic
    Posts: 21,653

    Call and ask them this question.

    Not sure, maybe it's like COD - FOB.
    You know...
    Cash On Delivery...
    Or Fetch it On Back!
  6. Keith

    Keith LawnSite Gold Member
    Posts: 3,977

    REO = Real Estate Owned. Means forclosed property owned by the bank or mortgage company that did not sell at foreclosure auction.

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