Net due when?

Discussion in 'Business Operations' started by GarPA, Jun 3, 2003.

?

Payment due by?

  1. Due on receipt of invoice

    20 vote(s)
    33.3%
  2. Net 15

    22 vote(s)
    36.7%
  3. Net 30

    16 vote(s)
    26.7%
  4. Other

    2 vote(s)
    3.3%
  1. GarPA

    GarPA LawnSite Silver Member
    from PA
    Posts: 2,585

    Was curious on whether most of you are asking for payment within 15 days or 30 days, or due upon receipt. Mine is net 30 but I'm thinking of going to net 15 from send date.
     
  2. LakeSide Lawn and Landscape

    LakeSide Lawn and Landscape LawnSite Senior Member
    Posts: 337

    I do net 10 days.They usually send them within 15:confused: I just started doing it that way because most of my suppliers bill me net 10 days hope this helps you.
     
  3. smburgess

    smburgess LawnSite Senior Member
    Posts: 469

    Residential - net 15

    Commercial - net 30
     
  4. Georgiehopper

    Georgiehopper LawnSite Member
    Posts: 187

    Due upon completion of the work. I hand them an invoice the minute the job is finished.

    But I don't do maintenance, only installs.
     
  5. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    We just changed last week from Net 30 to Net 15...too many people wait until the very last minute. I need $$$ coming in more during the month too.

    We''ll see what happens:rolleyes:
     
  6. GarPA

    GarPA LawnSite Silver Member
    from PA
    Posts: 2,585

    I agree Rod...even if I get my invoices out by the 5th or so (which I never do) I'm waiting on money from work that was done 6 weeks ago until I receive payment even when I change to new 15. Defintely going to 15 days
     
  7. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    I even toyed with the idea of changing it to "Upon Receipt"... I knew that would never happen:angry:
     
  8. Auroris

    Auroris LawnSite Member
    Posts: 155

    I agree: it's all about cash-flow.
    When you changed - did you send them a letter explaining or pointing out the invoice changes?

    If so, how did you explain it to the ol' die-hards?
     
  9. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501


    Highlited it in bright yellow.
     
  10. Darryl G

    Darryl G LawnSite Fanatic
    Posts: 8,131

    I do Net 10 and usually have most of my payments by 15 days. I have a couple who consistently wait until 25 to 30 days but I don't make an issue of it. It has to be over 30 days to get my attention.
     

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